Browsing: Central Bank of Brazil

The Central Bank of Brazil unveiled that stablecoins accounted for the lion’s share of over $6.9 billion in crypto purchases during Q1, highlighting their soaring dominance in the country’s digital asset market

Brazil’s central bank is pushing back against proposed caps on credit-card interest rates, warning that these limits could disrupt the financial system. At the same time, President Lula is raising alarms over the rapid rise in household debt

Two of Brazil’s nine Central Bank seats are expected to remain vacant after the January meeting, sources told Reuters, signaling potential delays in key appointments as political negotiations continue to evolve

The Central Bank of Brazil is accelerating the launch of its digital currency, Drex, by ditching blockchain technology to enhance efficiency and scalability. This daring move marks a groundbreaking shift in the nation’s CBDC strategy