2021-3-28 10:47 |
Dustin D. Trammell discusses the early days of BTC with Cointelegraph Brasil.
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This week in LATAM’s cryptocurrency landscape, Brazil continues to see an increase in cryptocurrency activity, with imports of digital assets reaching USD 1. 4 billion in September, as Argentina moves forward on plans to regulate tokens.
Brazil’s government is set to enhance its cooperation with the central bank to tackle regulatory issues surrounding cryptocurrency and meal vouchers. This initiative is anticipated to take shape next year with the appointment of Gabriel Galipolo as the new central bank president.
Brazil’s Central Bank Chief, Roberto Campos Neto, announced on Tuesday that stablecoins and asset tokenization are set to be regulated in the country next year. He shared these remarks in a video for market intelligence firm Uqbar.
Brazil’s stablecoin market is experiencing explosive growth, significantly outpacing Bitcoin in transaction volume on local exchanges. This surge reflects an increasing preference for stablecoins in B2B cross-border payments, driven by the need for stable US dollar exposure amid local currency fluctuations.
Brazil's stock exchange B3 says it got regulator approval to launch bitcoin futures trading, set to start April 17.
BlackRock's iShares Bitcoin Trust ETF (IBIT), by far the most successful of the 10 spot bitcoin exchange-traded funds, started trading on the Brazilian stock exchange B3, the company said. The asset manager announced the expansion on Thursday.
BlackRock unveiled its partnership with Brazil's B3 stock exchange to launch the iShares Bitcoin Trust ETF's Brazilian Depositary Receipts on Thursday.