Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how
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Brazilian Drex Hits Privacy Roadblock as Support From External Partners Wanes
Local media reports that several companies, including Microsoft and EY, have reduced the number of employees working on drex-related solutions. This reduction is due to
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Historic: Cryptocurrency Assets Are Now Legally Seizable in Brazil
In a historic decision, the National High Court of Brazil decided that when funds are not available for seizure in the banking system, judges can
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A Thriller Gone Real: Alleged Scammer Kidnapped by Fake Police, Loses $50 Million
An individual wanted by Interpol, lost $50 million in a kidnapping that involved drugs, fake police officers, and a daring escape in Brazil. Rodrigo Perez
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Largest Bank in Brazil Mulls Stablecoin, Awaits Regulation
Itaú Unibanco, the largest banking institution in Brazil, is considering the issuance of a stablecoin, cautiously hoping to learn from the experiences of American banks
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BRICS Expands Currency Independence Plan as Brazil Champions Dollar-Free Deals
Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions.
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