-
Brazil's Money Makeover: Digital Real To Outshine Bitcoin?
Friday, May 26, 2023 - 3:48pm | 554Read More...In an ambitious leap towards digital finance, Brazil's Central Bank set plans in motion to test its central bank digital currency (CBDC) platform, known as the digital real. To ensure a robust trial phase, a diverse array of local and international entities have been selected as...
-
Brazil OKs Crypto Regulation Bill, Legitimizes BTC As Payment And Investment Asset
Thursday, December 22, 2022 - 12:54pm | 406Read More...Brazilian President Jair Bolsonaro approved a crypto regulation bill on Thursday morning. The move establishes a comprehensive regulatory framework for the usage and trading of digital assets in the country, according to the federal government’s official journal (DOU). The crypto regulation...
-
Brazil Just A Step Away From Allowing Bitcoin For Payments, Investments
Wednesday, November 30, 2022 - 12:06am | 337Read More...Brazilian legislators have approved the complete regulatory framework for trading and using cryptocurrencies as payment. What Happened: The new bill passed on Tuesday night in Brasilia, the country's capital, recognizes Bitcoin (CRYPTO: BTC) as a digital representation of value that can be...
-
Bank of Korea, Central Bank of Brazil Cut Rates
Thursday, July 12, 2012 - 10:01am | 375Read More...The Bank of Korea cut benchmark interest rates unexpectedly Thursday, slashing the rate from 3.25 percent to 3.0 percent. Economists had not been expecting a cut in rates, yet the cut marks the first time the Bank of Korea cut lowered rates since February 2009, citing slowdowns in Europe and Asia...
