News list for "Brazil is"
Brazil is preparing to deepen activities around its central bank digital currency (CBDC) pilot project drex. The Brazilian central bank announced that the pilot project will be open to more participants, aiming to expand testing of more complex use cases in the platform. The new consortium will be able to submit its proposals between October 14 and November 29 for review by the project's executive management board.
Brazil is stepping up its crackdown on institutions that use cryptocurrencies for financial crimes. According to local media reports, the Brazilian Federal Police recently launched Operation Alcacaria, targeting financial operators that provide money laundering services to criminal organizations across the country. The unnamed organizations targeted by the police are being investigated for involvement in money laundering, tax evasion, illegal Financial Institution Group operations and the use of...
