Stablecoin Users Alert: Brazil Eyes Ban On Withdrawals To Self-Custody Wallets
As part of its efforts to keep up with changes in the financial world, the Brazil Central Bank (BCB) wants new rules on virtual currencies, especially stablecoins. The Central Bank said in a press release on November 29 that there would be a public consultation notice with a plan on how to regulate virtual asset […]
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A new WhatsApp worm is sweeping through Brazil, stealing bank logins and crypto keys from ordinary users, security firms warn. Related Reading: US Holding Off On Bitcoin Reserve—Waiting For The World To Move First, Crypto Expert Victims get a message that looks familiar — a delivery note, a government alert, or an invite to a […]
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos, the issuer of the pax dollars stablecoin, in order to provide these services.
Picpay Launches Crypto Trading Services in Brazil
Fintech companies are introducing crypto as a way of getting their customers acquainted with cryptocurrency as an alternative investment opportunity. Picpay,....
Tether, the company behind the issuance of usdt, the biggest dollar-pegged stablecoin in the cryptocurrency market, has announced its stablecoin will be available at more than 24,000 ATMs in Brazil. Smartpay, a cryptocurrency systems provider, integrated its technology stack with Tecban, an ATM provider in Brazil, to make this possible.
Tether and Smartpay to Bring USDT to the Masses in Brazil
Stablecoins have been of pivotal importance to some countries in Latam, due to their unique economic circumstances. Tether, the biggest stablecoin issuer, is now bringing USDT, its....
A new kind of custody could help alleviate issues presented by third-party custody like exchanges and first-party custody like hardware wallets.
With Johann Steynberg now in custody in Brazil, a lawyer has suggested that South Africa may have to resort to an existing legal assistance agreement with Brazil if it wishes to have the CEO extradited. However, the success of any such extradition will depend on the next steps taken by authorities in Brazil.
Steynberg Extradition Options
Following the capture of Johann Steynberg, the CEO of Mirror Trading International (MTI) by Brazilian law enforcement, lawyer Darren Hanekom has confirmed that South Africa does have in place a legal assistance agreement with Brazil. According....