The government of the Federative Republic of Brazil drafted a bill authorizing the use of Bitcoin as legal tender in the country, which will be presented to the Chamber of Deputies in coming days, following in the footsteps of El Salvador.
Federal deputy Aureo Ribeiro pointed out that they want to…
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Latin American insurance market fell in 2020
The insurance market in Latin America experienced a drop of 11.9 % in premiums in 2020, to 134,361 million dollars, of which 57 % were registered in Non-Life insurance compared to the remaining 43 % in Life insurance, according to a report…
BTG Pactual launches platform to invest in cryptocurrencies
The Brazilian bank BTG Pactual announced the launch, between October and December, of a new platform called Mynt, with which users will be able to carry out transactions with cryptocurrencies. Mynt "will offer the direct purchase and sale…
IMF appoints Brazilian Illan Goldfajn as director of the Western Hemisphere
The International Monetary Fund (IMF) announced that Illan Goldfajn will assume the position of director for the Western Hemisphere department from January 2022. He will replace Alejandro Werner, who retired last August after eight years in…
Bolsonaro’s government is being investigated
The Court of Accounts of Brazil (TCU) will open an investigation against the Government of the president Jair Bolsonaro for the blockade of 5,000 million reais (approximately 900 million dollars) foreseen in the 2021 budgets for the…
The largest wind farm in South America starts commercial operations
The Enel group, through its subsidiary Enel Green Power Brasil Participações ("EGPB"), has started the commercial operations of the Lagoa dos Ventos wind farm, located in Brazil. With 716 megawatts (MW), it is currently the largest wind…
Brazilian Minister of the Environment to be investigated
The Attorney General of the Republic (PGR) of Brazil has requested this Monday the Supreme Court of Brazil to open an investigation to the Minister of the Environment, Ricardo Salles, for alleged crimes of administrative law, obstructing…
Central Bank of Brazil studies the creation of a cryptocurrency
The Central Bank of Brazil is studying the possibility of developing a digital currency, with the aim of creating a virtual digital extension of the Brazilian real to "accompany the dynamism of technological evolution of the Brazilian…
Support for Bolsonaro’s government falls
24% of Brazilians approve of the Government of the President of Brazil, Jair Bolsonaro, a percentage that constitutes the lowest approval index obtained by the president since he assumed the Presidency, according to a Datafolha survey.
The…
Brazilian real loses value against the dollar
The exchange rate between the Brazilian real and the US dollar stood at 5.35 reais for every dollar this Thursday, which represents a decline of 1.68% compared to the previous day's price, after the Central Bank of Brazil decided at the…
Global military spending rises despite the pandemic
Despite the economic crises and the pandemic generated by Covid-19, world military spending has increased by 2.6 % compared to 2019, which is equivalent to about 1.9 trillion dollars, according to the figures offered by the Stockholm…
The USA recommends not traveling to 80 % of the countries of the world
The US State Department increased its 'Do Not Travel' list to 80 % of the world's countries, due to what it considers "an unprecedented risk for travelers" due to the COVID-19 pandemic.
The list does not prohibit travels, but makes a…