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Elon Musk's X platform may return to Brazil after fine payment and compliance.
Brazil

Brazil May Lift Ban on Elon Musk's X Platform After Fine Payment

Brazilian authorities are set to lift the suspension of Elon Musk's social media platform X as the company paid 28.6 million BRL in fines. The latest compliance requirements fulfilled follow an inv...

BrazilElon Musk's X platform logo with a graphic of Brazil's Supreme Court.

X Platform Delays Operations in Brazil Due to Payment Issues

Elon Musk's X platform faces a delay in resuming operations in Brazil. After paying fines, the Brazilian Supreme Court found the payment went to the wrong bank account, leading to further suspensio...

BrazilImage depicting Brazil's CBDC Drex and the integration of DeFi.

Brazil Integrates DeFi in Synthetic CBDC Development: Insights on Drex

Brazil is innovatively incorporating decentralized finance (DeFi) into the development of its synthetic CBDC, Drex, as announced by Central Bank Governor Roberto Campos Neto. This initiative aims t...

BrazilGraphic representation of social media justice in Brazil.

Social Media Platform X Pays Fine to Resume Services in Brazil

On October 5, 2023, the social media platform 'X,' owned by Elon Musk, paid fines imposed by Brazil's Supreme Court and is preparing to request the restoration of its services in Brazil. This move ...

BlockchainImage illustrating Brazil's integration of DeFi in its CBDC development.

Brazil Integrates DeFi into Synthetic CBDC Development for Economic Innovation

Brazil is advancing its synthetic CBDC, Drex, by incorporating decentralized finance (DeFi) to tackle decentralization, privacy, and programmability challenges. This innovative approach was highlig...

BrazilBrazil Supreme Court ruling against social media X with $5.2 million fine.

Brazil Supreme Court Imposes $5.2 Million Fine on Social Media X

The Brazilian Supreme Court has ordered social media platform X to pay a total fine of $5.2 million before resuming operations. This follows violations of court orders and access during a ban.