Banco Central do Brasil is building a blockchain platform to ensure the authenticity of data exchanged between financial authorities.
Crypto Exchange Huobi Confirms Move Into Brazilian Market
Huobi, a major cryptocurrency exchange originally from China, has told CoinDesk that it’s setting up shop in Brazil.
Brazilian Officials Caught Using Bitcoin in $22 Million Scam
Corrupt Brazilian officials have been caught allegedly using bitcoin to divert millions in public funds that were intended for prison supplies.
Brazil Regulators Move to Block Bitcoin Mining Investments
The Brazilian Securities and Exchange Commission has declared a bitcoin mining company to be unlawfully offering securities.