The South American country is advancing its state-run cryptocurrency plans The Central Bank of Brazil’s digital currency (CBDC), previously known as the “digital real,” now has an official new name: the Drex. The Central Bank of Brazil issued a press release on August 7, divulging and describing the new brand for its CBDC. The brand
Brazil is moving toward regulated sports betting and a possibly larger casino market Last Tuesday, the CEO of Playtech, Mor Weizer, sat down with Brazil’s Vice President, Geraldo Alckmin, in a meeting facilitated by member of parliament Felipe Carreras. Carreras is a prominent figure in the government, with a focus on gambling and sports regulation,
Despite resistance, cryptocurrency continues to advance as a fiat alternative A hospital in Rio Grande do Sul has entered the history of Brazil by becoming the first to accept Bitcoin (BTC) as a means of payment. The hospital in question is the Rolling Hospital Foundation (FHR), which released the news last week. With this, Bitcoin
While not considered legal tender, crypto earns a spot in the consumer market The Brazilian government finally chose the entity that will regulate the cryptocurrency industry, the Central Bank of Brazil. A decree signed by President Luiz Inácio Lula da Silva certified the validity of the law that will regulate the crypto market and the
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