brazil
Brazil to Classify Crypto-Fiat Transactions as Forex Under New Central Bank Rules
- Crypto-fiat trades in Brazil will be treated as foreign-exchange operations from February 2026.
- New rules extend AML/CFT and governance standards to all virtual-asset service providers.
Tuesday, 11/11/2025 | 10:22 GMT by
Finance Magnates Staff
XTB Halts New Accounts in Brazil After Ending Local Partnership
- The firm cites protectionist measures, reevaluates its Brazil market presence.
- Finance Magnates reported last week that the firm is reassessing its Brazil entry less than a year after regulatory approval.
Thursday, 06/11/2025 | 17:35 GMT by
Tareq Sikder
XTB Considers Brazil Exit Six Months After License Over “Protectionist Measures”
- The Warsaw-listed brokerage reconsiders part of its Latin American expansion amid regulatory hurdles.
- The fintech obtained a local authorization in February, but it appears it has not been able to begin operating in the country.
Wednesday, 29/10/2025 | 04:43 GMT by
Damian Chmiel
Brazil Jails Braiscompany Trio for 171 Years over R$1.1 Billion Ponzi Crypto Scheme
- The mastermind has received 128 years for leading a pyramid structure that drew in 20,000 investors.
- The court ordered R$36 million to be seized, but victim recovery remains uncertain.
Friday, 18/04/2025 | 14:16 GMT by
Tareq Sikder
Airwallex Targets Latin America with MexPago Acquisition and Brazil License
- The firm's focus in Brazil is on the B2B payment market, aiming to enhance cross-border business transactions.
- Its acquisition of MexPago also targets Mexico's rising demand for cross-border payment solutions.
Wednesday, 15/01/2025 | 16:31 GMT by
Jared Kirui
Binance Secures Brazil's Broker-Dealer License After Acquiring Local Firm
- Sim;paul's existing licenses will allow Binance to expand its offerings while complying with local financial regulations.
- The exchange reportedly plans to expand its compliance workforce by 34% in 2024.
Thursday, 02/01/2025 | 13:44 GMT by
Jared Kirui
USDC Issuer Circle Announces Entry into Brazil's Fintech Sector
- Partnership with BTG Pactual and Nubank aims to provide access to USDC for Brazilian users.
- Brazil's growing fintech sector, fuelled by initiatives like Pix, presents a favorable market.
Wednesday, 29/05/2024 | 11:31 GMT by
Tareq Sikder
Brazil Leads Financial Inclusion in Latin America: Records 70% Debit/Credit Card Usage
- Elimination of barriers to payment infrastructure has contributed to financial inclusion in Brazil.
- The country recorded 55% card usage and outstanding real-time payment adoption in the region.
Friday, 19/04/2024 | 18:11 GMT by
Jared Kirui
Jeeves and Bexs Forge to Introduce Digital B2B Payment Platform in Brazil
- The platform facilitates digital international transactions through its integration with Bexs' FX-as-a-Service solution.
- Businesses can complete FX contracts and invoice payments digitally within 24 hours.
Thursday, 09/11/2023 | 14:27 GMT by
Tareq Sikder
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