Crypto News

Brazil's Central Bank Backs Tokenization and Open Finance for Future Financial Systems

The Central Bank of Brazil supports tokenization and open finance as key pillars for the future financial framework, emphasizing efficiency and integration in financial markets.

Brazil's CBDC Project Drex Aims to Transform National Transaction System

Fabio Araujo discusses Drex, Brazil's CBDC project, designed to replace the national transaction system. Transitioning will be gradual due to costs. Drex focuses on simplifying financial settlement...

Brazil May Lift Ban on Elon Musk's Social Media Platform X

Brazil is considering lifting the ban on Elon Musk's X after a $5.5 million fine was paid. Legal steps and compliance with authorities are in progress. The decision now rests with the Attorney Gene...

Brazil Central Bank to Accelerate Asset Tokenization and Stablecoin Regulation by 2025

The Central Bank of Brazil plans to expedite the regulation of asset tokenization and stablecoins by 2025. Governor Roberto Campos Neto announces public consultations for Virtual Asset Service Prov...

Brazil's Drex: The Future of CBDC and National Transactions

Fabio Araujo, coordinator of Brazil's Drex CBDC project, envisions its potential to replace the national transaction system, moving all funds from STR. Understand the challenges and goals involved ...