In a strategic move to capitalize on Brazil’s explosive cryptocurrency market, Bitfinex has announced an immediate reduction in conversion fees between the Brazilian real (BRL) and Tether’s USDt stablecoin. The fee cut, from 1% to 0.75% on its SWAPX platform via the SmartPay on-ramp, is designed to enhance cost efficiency for Brazilian users and solidify USDt’s central role in the country’s digital economy, which dominates Latin America with nearly one-third of all regional crypto activity.
about Bitfinex Cuts BRL-USDt Fees to Boost Brazil Crypto AccessBrazilian Real
0 posts last weekKuCoin Pay Integrates with Brazil’s Pix for Crypto Payments
KuCoin has launched a groundbreaking payment service in Brazil that enables users to instantly convert cryptocurrencies to local currency and pay merchants via QR codes. The integration with Brazil’s central bank-run Pix payment network taps into one of the world’s largest crypto markets, where approximately 26 million Brazilians now use digital assets. This development represents a significant step toward mainstream crypto adoption by allowing seamless spending at any merchant accepting Pix payments.
about KuCoin Pay Integrates with Brazil's Pix for Crypto PaymentsBrazil Regulates Stablecoins as Foreign Exchange Operations
Brazil’s central bank has classified stablecoin transactions as foreign exchange operations in a major regulatory shift. The move comes alongside new legislation that would allow authorities to seize virtual assets during criminal investigations. These developments represent Brazil’s most significant crackdown on crypto-related financial crimes to date, reflecting growing concerns about money laundering and tax evasion in Latin America’s largest digital asset market.
about Brazil Regulates Stablecoins as Foreign Exchange OperationsBrazil’s BRLV Stablecoin Opens High-Yield Bond Access
São Paulo fintech Crown has raised $8.1 million to launch BRLV, a Brazilian real-denominated stablecoin backed by government bonds, providing institutional investors with compliant access to Brazil’s high-yield fixed-income market. This innovation addresses regulatory barriers that have traditionally limited global capital from reaching Brazil’s attractive double-digit interest rates, representing a significant development in the convergence of traditional finance and digital assets.
about Brazil's BRLV Stablecoin Opens High-Yield Bond AccessBrazil Enforces 17.5% Flat Tax on All Crypto Gains
Brazil has scrapped its tax exemption for small-scale crypto traders, replacing it with a flat 17.5% capital gains tax on all digital asset profits, including self-custody and offshore holdings. The new rule, introduced under Provisional Measure 1303, removes previous exemptions for transactions under 35,000 Brazilian reals (approx. $6,300) per month. Previously, gains beyond this threshold were taxed progressively, ranging from 15% to 22.5%. The uniform rate now applies to all investors, regardless of transaction size, as part of the government’s broader revenue-raising efforts. The policy took effect on June 12, as reported by local news outlet Portal do Bitcoin.
about Brazil Enforces 17.5% Flat Tax on All Crypto GainsCiti Bank Averts Major Transfer Error of 81 Trillion Dollars
A significant error at Citigroup nearly resulted in an $81 trillion transfer due to a system glitch that pre-filled an input field with 15 zeros. The bank intended to transfer just $280 in four transactions to Brazil, but the payment got stuck and required manual intervention. Although the mistake was quickly identified and reversed, it highlights the need for improved automation in banking processes.
about Citi Bank Averts Major Transfer Error of 81 Trillion DollarsBinance to Delist Five Crypto Trading Pairs on February 21 2025
Binance will delist five spot trading pairs, including DOGS/BRL and FET/BRL, effective February 21, 2025, at 03:00 (UTC). This decision is part of a regular market review aimed at enhancing platform efficiency, as low trading volume and liquidity have made these pairs less viable. Users can still trade the affected tokens through other active pairs, and Spot Trading Bots will no longer support these delisted pairs, prompting users to adjust their strategies accordingly.
about Binance to Delist Five Crypto Trading Pairs on February 21 2025Ripple and Unicâmbio Partner for Instant Payments Between Brazil and Portugal
Ripple has partnered with Unicâmbio to enable near-instant cross-border payments between Portugal and Brazil, benefiting corporate clients with faster settlements and reduced costs. This collaboration marks Ripple’s entry into the Portuguese market, enhancing economic ties between the two nations through blockchain technology.
about Ripple and Unicâmbio Partner for Instant Payments Between Brazil and PortugalBest Wallet Token Emerges Amid Brazil’s Crypto Surge and Meme Coin Hype
Brazil’s crypto market has seen a surge, with $90B in inflows over the past year, primarily in stablecoins, as the country grapples with taxation and money laundering concerns. The Best Wallet App, featuring the $BEST token, aims to capture 40% of the non-custodial wallet market by 2026, having already raised $9.3M in presale. With 250,000 active users and a 96.3% month-on-month growth, $BEST is positioned as a potential 100x meme coin.
about Best Wallet Token Emerges Amid Brazil's Crypto Surge and Meme Coin HypeUBS Warns of 35 Percent Chance of Stock Market Bubble Formation
UBS analysts assign a 35% probability of a stock market bubble forming, particularly in high-value sectors like technology, as bond yields rise. They note that the P/E ratio for major tech stocks is currently at 34x, with a potential bubble emerging if it reaches 45x at 5.5% yields. UBS advises caution with non-financial cyclicals and recommends defensive stocks with low financial leverage, while suggesting that financials could serve as a hedge against populism and inflation.
about UBS Warns of 35 Percent Chance of Stock Market Bubble FormationEmerging Markets Decline Amid Trump Tariff Threats and Strong Dollar
Emerging market stocks have fallen over 10% since early October, driven by fears of trade tariffs under president-elect Trump and a strong US dollar. Investors have withdrawn approximately $3 billion from these markets this year, with concerns particularly focused on China’s economic health and rising US bond yields. Many anticipate a volatile first half of the year, with potential for a rebound as tariffs may be adjusted after negotiations.
about Emerging Markets Decline Amid Trump Tariff Threats and Strong DollarGlobal Momentum Grows for Bitcoin Reserves Amid Diverse Political Perspectives
Momentum is building globally for Bitcoin reserves, with support from policymakers in countries like Poland, Switzerland, South Africa, Hong Kong, Japan, and Venezuela. While some leaders advocate for adoption, skepticism remains, particularly in Japan where Prime Minister Shigeru Ishiba has rejected the idea due to a lack of understanding. In Switzerland, a proposal is underway to mandate the Swiss National Bank to hold Bitcoin, while South Africa’s uMkhonto weSizwe Party calls for a strategic reserve to aid economic revitalization.
about Global Momentum Grows for Bitcoin Reserves Amid Diverse Political Perspectives