The pilot of Brazil's central bank currency, or CBDC, known as Drex, was postponed until the end of 2025 because the government estimates that privacy solutions are still inefficient.
The announcement was made by the Central Bank of Brazil, considering the proposals made so far as lacking the…
Read More...
Browsing Tag
brazil
Electoral court rejects Bolsonaro’s appeal against disqualification
This Sunday, the rejection of the highest electoral court of Jair Bolsonaro's appeal against the disqualification that was imposed on him last year for the 2030 elections in Brazil was announced.
The president of the Superior Electoral…
Crypto regulation proposal in Brazil will be revealed at the end of the year
The Central Bank of Brazil indicated recently that the proposed regulation for the use of cryptocurrencies and the operation of service providers will be known by the end of 2024.
Last year, in his appearance before Congress, the bank's…
Petrobras and Enarsa sign an agreement on natural gas
Through the signing of a memorandum of understanding, the companies Petrobras of Brazil and Enarsa of Argentina will seek an alliance in the field of natural gas.
According to a statement about this alliance, it was established that "the…
NuBank allows operations with Bitcoin, Ether and Solana in Brazil
In a move towards cryptocurrency adoption in Brazil, NuBank bank now offers withdrawal and deposit operations in Bitcoin, Solana and Ether.
The Brazilian giant follows in the footsteps of other banking institutions in the world in the…
Goldman Sachs projects the South American country that could be a world power in 2050
The projections of the Goldman Sachs company on the countries that could make up the top world powers for 2050 and 2075 include South American nations, taking into account various factors that affect the comprehensive development of…
Brazil reduced interest rates to lowest level in two years
The Central Bank of Brazil reduced interest rates by 0.5 % this Wednesday, reaching the lowest level since 2023, when they remained at 13.75 %. Thus, the country maintains the basic interest rate of the economy (the Selic rate) at 10.75 %…
Brazil’s GDP grew slightly in 2023
The Brazilian Institute of Geography and Statistics (IEBG) reported a slight growth of 2.9 % in the GDP of the South American country in 2023.
According to the information released on Friday, March 1, by the IBGE, the agricultural sector…
BRICS countries analyze transition to digital currencies
The countries that make up the BRICS have discussed in their most recent meeting the use of digital currencies, as another alternative to dependence on the dollar.
Brazil, Russia, India, China and South Africa are the emerging economies…
Petrobras to invest in green hydrogen study
The Brazilian oil giant, Petrobras, announced an investment of R$90 million (equivalent to about $18.4 million) in an ambitious research project focused on the production of green hydrogen and its potential application as a renewable fuel…
Brazil’s Supreme Court temporarily suspends Odebrecht’s fine
Brazil's Supreme Court made a provisional decision by suspending the 8.5 billion reais (approximately $1.7 billion) fine imposed on the construction company Odebrecht due to its involvement in corruption cases.
Judge José Antonio Dias…
IMF predicts a contraction in Latin America’s GDP
Argentina’s economic crisis, which will contract by 2.8% in 2024, has led the International Monetary Fund (IMF) to cut Latin America and the Caribbean’s growth forecast for this year by 0.4 percentage points, to 1.9%.
This is indicated by…