The cryptocurrency exchange CryptoMKT has highlighted the work of the Central Bank of Brazil in crypto regulation, making the country a leader in Latin America.
According to the platform, the South American country follows international standards regarding cryptocurrency regulation, with an…
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Central Bank of Brazil
Central Bank of Brazil promotes financial education
On Wednesday, August 6, a meeting will be held between the Central Bank of Brazil, Anbima, B3, Banco Central, CVM, Febraban, FGC, and Sebrae to discuss topics related to financial education, its dissemination in public schools, and the…
Brazil reduced its fiscal deficit to 7.56 % of GDP in May
In May, Brazil's fiscal deficit narrowed to 7.56 % of accumulated Gross Domestic Product over the last 12 months, according to the Central Bank's report released Monday.
"In May alone, the consolidated nominal public sector deficit of…
Central Bank of Brazil lowers economic growth forecast
The Central Bank of Brazil lowered its economic growth forecast for this year due to the inflation rate, increased public spending, and various weather events.
The reduction in the growth forecast "indicates that further interest rate…
Brazil will adopt continuous inflation target of 3 %
The Brazilian government will apply the necessary measures to adjust to the continuous inflation goal of 3 %, as indicated this Wednesday by President Luiz Inácio Lula da Silva.
Currently, the country is subject to annual inflation targets…
Brazil delays pilot of its CBDC until 2025
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…
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…
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 will launch its digital currency DREX in 2024
Brazil's digital currency (CBDC) will be launched in 2024. The country's Central Bank has indicated that its launch is scheduled to boost financial services.
The DREX CBDC will be based on “distributed ledger technology (DLT) to settle…
Bitcoin joins the digital real pilot program backed by the Central Bank of Brazil
The Central Bank of Brazil (BCB), the entity in charge of formulating monetary policies in the South American country, this week authorized the participation of Mercado Bitcoin, the exchange with the highest volume of operations at the…
Lula da Silva signs cryptocurrency law
The president of Brazil, Luiz Inácio Lula da Silva, signed the cryptocurrency law. It will enter into force on June 20, with the Central Bank as the regulatory entity.
The signing of the long-awaited law was carried out by the president of…
Central Bank of Brazil will maintain rates until inflation is controlled
The Monetary Policy Committee of the Central Bank of Brazil has defended its intention to maintain interest rates at the current level of 13.75 % for as long as necessary to control prices, for which reason it has asked for "serenity and…