Brazil’s Central Bank Introduces Almost Instant Payment System in Response to Crypto

A new almost instant payment system is coming to Brazil in response to cryptocurrency and Blockchain technology. The new system known as PIX, is a creation of the country’s Central Bank and is being promoted as a 24/7 system that…

Brazil Bank Adopts IMF Guidelines for Crypto Classification

The central bank of Brazil has moved to classify bought and sold crypto assets as per the laid out International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug 26. Under the new IMF standards, traded cryptos…

New Brazilian President Shreds Plan by previous Administration of Launching Crypto-currency for the Country’s Indigenous People

Newly elected Brazilian president, Jair Bolsonaro, who assumed office only a week ago has criticized a project that had offered to create a crypto-currency for indigenous people and revealed that plans to advance that project had been shelved. Bolsonaro also…