Brazil News » Roraima News Brazil » Roraima » Cryptocurrencies: Brazil Proposes Selling Seized Bitcoin to Undercut Organized Crime Networks
The Brazilian government proposed a law to allow the sale of seized cryptocurrencies, such as bitcoin, to dismantle the financial infrastructure of organized crime groups. The proposed law, part of ...
News Brazil » Roraima » Cryptocurrencies: Cryptocurrency Money Laundering Is on the Rise in Brazil
Police in São Paulo have frozen bank accounts holding over a billion dollars in an anti-money laundering operation that highlights the growing use of cryptocurrency by Brazil’s most powerful prison ...
News Brazil » Roraima » Cryptocurrencies: Brazil's central bank bans stablecoin and crypto settlement in cross-border payments
Brazil’s central bank banned electronic foreign exchange (eFX) providers from using stablecoins and other cryptos (like Bitcoin) to settle overseas remittances, effective October 1. The ban applies to ...
News Brazil » Roraima » Cryptocurrencies: Brazil Outlaws Crypto Remittances From FX Companies
That’s according to a new resolution from the country’s central bank, published last week and flagged Sunday (May 3) in a report by CoinDesk. Under the new rules, set to go into effect Oct. 1, ...