brazil
278,412 views
517 Discussing
Hot
Latest
đŠÂ QUIETLY AGGRESSIVE: While everyone watches China, Brazil's central bank just made another huge gold move.
+11 tonnes in November. +43 tonnes in just the last 3 months. Total reserves now at ~172 tonnes.
That's not just diversification; it's a full-scale strategic build-up of non-dollar assets.
Are the world's major emerging markets sending a unified message about the future of reserves? đ§
#GOLD #Brazil #centralbank #ForexReserves #Macro
$BTC $SOL
+11 tonnes in November. +43 tonnes in just the last 3 months. Total reserves now at ~172 tonnes.
That's not just diversification; it's a full-scale strategic build-up of non-dollar assets.
Are the world's major emerging markets sending a unified message about the future of reserves? đ§
#GOLD #Brazil #centralbank #ForexReserves #Macro
$BTC $SOL
đ§đ· Brazil is quietly loading up on gold.
The central bank added 11 tonnes in November, bringing 3-month purchases to 43 tonnes and pushing total reserves to 172 tonnes the highest in years.
This continues a global trend of central banks de-dollarizing, strengthening balance sheets, and boosting hard-asset reserves as geopolitical and inflation risks linger.
Brazil is now one of the fastest-accumulating gold buyers this quarter a notable shift in emerging-market reserve strategy.
#Gold #Brazil #CentralBanks #Macro #DeDollarization
The central bank added 11 tonnes in November, bringing 3-month purchases to 43 tonnes and pushing total reserves to 172 tonnes the highest in years.
This continues a global trend of central banks de-dollarizing, strengthening balance sheets, and boosting hard-asset reserves as geopolitical and inflation risks linger.
Brazil is now one of the fastest-accumulating gold buyers this quarter a notable shift in emerging-market reserve strategy.
#Gold #Brazil #CentralBanks #Macro #DeDollarization
đšBREAKING: Brazil Cracks Down on Crypto Money Laundering
14 individuals sentenced to prison for money laundering $95M in drug trafficking proceeds using cryptocurrency and shell companies.
Justice served! This landmark case highlights the importance of transparency in crypto transactions.
#CryptoRegulation #MoneyLaundering #Brazil #FinancialCrime #aml
$BTC
14 individuals sentenced to prison for money laundering $95M in drug trafficking proceeds using cryptocurrency and shell companies.
Justice served! This landmark case highlights the importance of transparency in crypto transactions.
#CryptoRegulation #MoneyLaundering #Brazil #FinancialCrime #aml
$BTC
JUST IN: TikTok announces $37.6 billion investment into Brazil data centre.
#tiktok
#Brazil
#WriteToEarnUpgrade
#CPIWatch
#IPOWave
#tiktok
#Brazil
#WriteToEarnUpgrade
#CPIWatch
#IPOWave
See original
đ§đ· Brazil sentenced 14 people for laundering $95 million through Bitcoin and fake companiesđ€đ€Ż
đž A court in Brazil issued harsh sentences to a criminal group that laundered over 508 million reais ($95 million), using Bitcoin and shell companies.
đ”ïžââïž According to the investigation, from 2019 to 2024, the group created fictitious firms, forged documents, and conducted crypto transactions to hide the origins of funds from drug trafficking.
âïž The leaders of the scheme received over 21 years in prison, while other participants received sentences ranging from 10 to 17 years.
đ Investigators found that the money was converted to BTC, âshuffledâ between wallets and companies, and then integrated into the economy as âlegalâ income.
đ This case shows that even in crypto, absolute anonymity does not exist â blockchain analytics work, and Brazilian law enforcement is increasingly tackling similar schemes.
#Brazil #CryptoNews #news $BTC $BNB $SOL
đž A court in Brazil issued harsh sentences to a criminal group that laundered over 508 million reais ($95 million), using Bitcoin and shell companies.
đ”ïžââïž According to the investigation, from 2019 to 2024, the group created fictitious firms, forged documents, and conducted crypto transactions to hide the origins of funds from drug trafficking.
âïž The leaders of the scheme received over 21 years in prison, while other participants received sentences ranging from 10 to 17 years.
đ Investigators found that the money was converted to BTC, âshuffledâ between wallets and companies, and then integrated into the economy as âlegalâ income.
đ This case shows that even in crypto, absolute anonymity does not exist â blockchain analytics work, and Brazilian law enforcement is increasingly tackling similar schemes.
#Brazil #CryptoNews #news $BTC $BNB $SOL
JPhilip:
ĐŃазОлŃŃ
NINETY-FIVE MILLION: BTC Laundering Ring Busted
This is the narrative that regulators hate. A Brazilian federal court just dropped the hammer. 14 people are going away for using $BTC to wash over $95M from drug trafficking and kidnappings. This is exactly the type of story that fuels regulatory crackdown narratives globally. Watch the $BTC headlines closely.
Not financial advice.
#CryptoNews #Bitcoin #RegulatoryAction #Brazil
đš
This is the narrative that regulators hate. A Brazilian federal court just dropped the hammer. 14 people are going away for using $BTC to wash over $95M from drug trafficking and kidnappings. This is exactly the type of story that fuels regulatory crackdown narratives globally. Watch the $BTC headlines closely.
Not financial advice.
#CryptoNews #Bitcoin #RegulatoryAction #Brazil
đš
The 95 Million Bitcoin Laundering Ring Just Collapsed
A massive operation in Brazil just netted 14 convictions. These individuals used $BTC to clean over $95 million derived from drug trafficking and kidnappings.
This isn't just a local crime story; it highlights the relentless scrutiny governments place on digital assets. Every major prosecution like this fuels the regulatory fire, impacting how global institutions view both $BTC and $ETH. The narrative that crypto is only for illicit activity is hard to shake when nine-figure crime rings are exposed. This is the cost of decentralization that must be addressed for true mainstream adoption.
Not financial advice.
#CryptoRegulation #BTC #Brazil #Legal
đš
A massive operation in Brazil just netted 14 convictions. These individuals used $BTC to clean over $95 million derived from drug trafficking and kidnappings.
This isn't just a local crime story; it highlights the relentless scrutiny governments place on digital assets. Every major prosecution like this fuels the regulatory fire, impacting how global institutions view both $BTC and $ETH. The narrative that crypto is only for illicit activity is hard to shake when nine-figure crime rings are exposed. This is the cost of decentralization that must be addressed for true mainstream adoption.
Not financial advice.
#CryptoRegulation #BTC #Brazil #Legal
đš
See original
What does block mean in the blockchain
it is like a digital box that securely and orderly stores information.
Think of the blockchain as a giant public ledger:
Each page of that book is a block.
When a page is filled with information, it moves to the next one, and thus a chain of pages (the blockchain) is created.
A block is a "package of information" that holds transactions and is connected with other blocks so that no one can change the data without affecting the entire chain. This is what makes the blockchain secure and reliable.
Blessings and success
thank you for following me đ«
$BTC $BNB $XRP
#venezuela
#Colombia
#Brazil
#ElSalvador
#argentina
it is like a digital box that securely and orderly stores information.
Think of the blockchain as a giant public ledger:
Each page of that book is a block.
When a page is filled with information, it moves to the next one, and thus a chain of pages (the blockchain) is created.
A block is a "package of information" that holds transactions and is connected with other blocks so that no one can change the data without affecting the entire chain. This is what makes the blockchain secure and reliable.
Blessings and success
thank you for following me đ«
$BTC $BNB $XRP
#venezuela
#Colombia
#Brazil
#ElSalvador
#argentina
See original
Market orders on Binance are the fastest and most direct way to buy or sell a cryptocurrency. It's like raising your hand in the middle of a noisy market and saying: âtake my coins right nowâ or âgive me those coins at whatever price.â You don't negotiate or set conditions: you accept the current market price at that moment.
When you use a Market order, the system immediately looks for the best available offers and executes the operation instantly. This is useful when time is worth more than the precision of the price, like when the market moves quickly and you feel that everything flows like a river that waits for no one.
The advantage: pure speed
The disadvantage: you don't control the exact price, especially if the market is volatile and values jump like sparks.
That's why it's used when you want to enter or exit a position without delays, letting the market take the wheel for a moment.
Blessings and successes
Thank you for following me đ«
$BTC $BNB $XRP
#venezuela
#argentina
#ElSalvador
#mexico
#brazil
When you use a Market order, the system immediately looks for the best available offers and executes the operation instantly. This is useful when time is worth more than the precision of the price, like when the market moves quickly and you feel that everything flows like a river that waits for no one.
The advantage: pure speed
The disadvantage: you don't control the exact price, especially if the market is volatile and values jump like sparks.
That's why it's used when you want to enter or exit a position without delays, letting the market take the wheel for a moment.
Blessings and successes
Thank you for following me đ«
$BTC $BNB $XRP
#venezuela
#argentina
#ElSalvador
#mexico
#brazil
See original
Traveling to Brazil is now easier: pay for everything with crypto using Pix on Binance
If you have ever traveled to Brazil from Argentina, you know that one of the main headaches is currency exchange: finding a good rate, avoiding hidden fees, and carrying cash. Now, with the arrival of Pix on Binance, that's over.
Thanks to this new functionality, Argentine users can pay for goods and services in Brazil directly with their cryptocurrencies, quickly, securely, and without intermediaries. From a coffee in Rio to a lunch in Salvador or a purchase in SĂŁo Paulo: you can pay for everything using crypto.
Thanks to this new functionality, Argentine users can pay for goods and services in Brazil directly with their cryptocurrencies, quickly, securely, and without intermediaries. From a coffee in Rio to a lunch in Salvador or a purchase in SĂŁo Paulo: you can pay for everything using crypto.
See original
Family
XRP is the cryptocurrency of Ripple, designed to make international payments fast and cheap. Its main advantage is transaction speed (3-5 seconds), low fees, and its ability to connect banks and payment systems around the world. It is one of the cryptocurrencies with the highest institutional adoption and aims to be the "bridge" to move money between different currencies efficiently.
Blessings and success
thank you for following me
$XRP $BTC $BNB
#xrp
#venezuela
#mexico
#ElSalvador
#Brazil
XRP is the cryptocurrency of Ripple, designed to make international payments fast and cheap. Its main advantage is transaction speed (3-5 seconds), low fees, and its ability to connect banks and payment systems around the world. It is one of the cryptocurrencies with the highest institutional adoption and aims to be the "bridge" to move money between different currencies efficiently.
Blessings and success
thank you for following me
$XRP $BTC $BNB
#xrp
#venezuela
#mexico
#ElSalvador
#Brazil
See original
Family
The seed phrase is the master key to your crypto world: whoever has it, enters; whoever loses it, is locked out. It should not be stored in screenshots, nor in cell phone notes, nor in distracted clouds. It should be handwritten, kept in a safe physical place, even duplicated in another location in case fate decides to play. Never share it, not even with someone who swears to 'help you'. In crypto, trust is built, but the seed is sacred. Without it, there is no rescue. With it, there is power.
blessings and successes
thank you for following me đ«
$BTC $ETH $BNB
#venezuela
#Paraguay
#argentina
#Brazil
#Chile
The seed phrase is the master key to your crypto world: whoever has it, enters; whoever loses it, is locked out. It should not be stored in screenshots, nor in cell phone notes, nor in distracted clouds. It should be handwritten, kept in a safe physical place, even duplicated in another location in case fate decides to play. Never share it, not even with someone who swears to 'help you'. In crypto, trust is built, but the seed is sacred. Without it, there is no rescue. With it, there is power.
blessings and successes
thank you for following me đ«
$BTC $ETH $BNB
#venezuela
#Paraguay
#argentina
#Brazil
#Chile
See original
family The Polytechnic University of Valencia (UPV) is leading QUANTUMABLE-1, a project that seeks to develop a new photonic architecture capable of processing quantum information using light, an idea that until now lived halfway between theory and the most advanced laboratories.
The core of the project is based on a technology patented by UPV: the FPPGA (Field Programmable Photonic Gate Array). This innovation allows for the creation of programmable photonic chips, similar to electronic FPGAs, but working entirely with light. Now, the challenge is to adapt this platform to the quantum world, achieving that these chips can program, control, and manipulate quantum signals based on photons.
The goal is to pave the way towards photonic quantum processors: devices that are faster, more precise, and more efficient, with direct applications in communications, cybersecurity, and artificial intelligence. According to the principal researcher, Ivana Gasulla, it is being demonstrated that light can become the real foundation of future computing.
Furthermore, the project seeks to integrate photon sources and detectors into a single chip, reduce optical losses, and develop control algorithms capable of managing qubits with redundancy, something crucial for maintaining the stability of quantum information, which is always so delicate.
In essence, QUANTUMABLE-1 aims to take programmable integrated photonics to a completely new level, offering a scalable, practical, and adaptable path towards real quantum computing, useful for industry and not just for laboratories.
blessings and success
thank you for following me đ«
$BTC $BNB $ETH
#venezuela
#Brazil
#Panama
#Colombia
#Ecuador
The core of the project is based on a technology patented by UPV: the FPPGA (Field Programmable Photonic Gate Array). This innovation allows for the creation of programmable photonic chips, similar to electronic FPGAs, but working entirely with light. Now, the challenge is to adapt this platform to the quantum world, achieving that these chips can program, control, and manipulate quantum signals based on photons.
The goal is to pave the way towards photonic quantum processors: devices that are faster, more precise, and more efficient, with direct applications in communications, cybersecurity, and artificial intelligence. According to the principal researcher, Ivana Gasulla, it is being demonstrated that light can become the real foundation of future computing.
Furthermore, the project seeks to integrate photon sources and detectors into a single chip, reduce optical losses, and develop control algorithms capable of managing qubits with redundancy, something crucial for maintaining the stability of quantum information, which is always so delicate.
In essence, QUANTUMABLE-1 aims to take programmable integrated photonics to a completely new level, offering a scalable, practical, and adaptable path towards real quantum computing, useful for industry and not just for laboratories.
blessings and success
thank you for following me đ«
$BTC $BNB $ETH
#venezuela
#Brazil
#Panama
#Colombia
#Ecuador
See original
family Quantum computing is making a strong entry into the radar of investors because, for the first time, it is beginning to show real applications in the economy. The recent 2025 Nobel Prize in Physics further boosted its credibility, attracting the interest of governments and large companies that are already allocating resources to this technology.
Although the sector is still emerging and investment exceeds monetization, projections indicate very high growth for the next 10â15 years. The idea is clear: infrastructure is being built now; benefits will come later.
The industries that will first take advantage of quantum computing will be health, finance, energy, logistics, and advanced industry, thanks to its ability to process complex data, simulate scenarios, and accelerate scientific discoveries.
To select companies in thematic ETFs, WisdomTree uses two criteria:
Relevancy score, which measures how central quantum computing is to the company.
Purity, which assesses what percentage of the business directly depends on this technology.
With these factors, they adjust the weights of each company and rebalance the portfolio every quarter.
Finally, there are already enough companies today to build a diversified ETF. They combine âvery pureâ quantum companies with others that contribute to the ecosystem, and they expect the sector to continue expanding as its development progresses.
blessings and success
thank you for following me
$BTC $XRP $BNB
#venezuela
#Colombia
#argentina
#Brazil
#peru
Although the sector is still emerging and investment exceeds monetization, projections indicate very high growth for the next 10â15 years. The idea is clear: infrastructure is being built now; benefits will come later.
The industries that will first take advantage of quantum computing will be health, finance, energy, logistics, and advanced industry, thanks to its ability to process complex data, simulate scenarios, and accelerate scientific discoveries.
To select companies in thematic ETFs, WisdomTree uses two criteria:
Relevancy score, which measures how central quantum computing is to the company.
Purity, which assesses what percentage of the business directly depends on this technology.
With these factors, they adjust the weights of each company and rebalance the portfolio every quarter.
Finally, there are already enough companies today to build a diversified ETF. They combine âvery pureâ quantum companies with others that contribute to the ecosystem, and they expect the sector to continue expanding as its development progresses.
blessings and success
thank you for following me
$BTC $XRP $BNB
#venezuela
#Colombia
#argentina
#Brazil
#peru
đš *The Shocking Truth Behind Elon, Brazil, and Censorship* đš
Last year, *Elon Musk* pulled back the curtain on some seriously unsettling revelations in Brazil. đł While most of us were just keeping up with the latest crypto tweets, something bigger was happening behind the scenes.
*Brazil's Supreme Court* was exposed for *secretly issuing orders* to silence opposition voices, and *Justice Alexandre de Moraes*, the main architect of Brazil's internet crackdown, accused Elon of *âobstruction of justiceâ*. đ§ To make matters worse, *Brazil temporarily banned X (formerly Twitter)* in response to these tensions.
But hereâs where it gets even crazier... đ„
*Mike Benz*, a former State Department official, revealed that *USAID* (U.S. Agency for International Development) had been funneled taxpayer money to *left-wing groups* with one specific agenda: *censorship*. đșđžđ° These groups were actively trying to control narratives and even influenced the *2022 Brazilian elections*.
At first, many dismissed this as a *conspiracy theory*, but then, *DOGE* (Elon Muskâs favorite) exposed something even bigger. It turned out that *USAID* had been *funding censorship efforts globally*, with billions being spent to control *media narratives* and push for more *internet censorship* worldwide. đđ
And hereâs the kickerâ*Elon Musk* paid over *$10 billion in taxes* đž, only for *USAID* to use *taxpayer money* to *fund censorship efforts* that directly targeted him and his defense of *free speech*. đ§đĄ
---
*What Does This Mean?*
- *Elonâs Efforts for Free Speech*: Elon Musk has always been vocal about *freedom of speech*. But when he called out the hidden censorship tactics, it not only cost him personally, but also exposed the massive power structures at play, controlling what we see and hear. đą
- *Global Influence*: The *USAID* revelations are part of a *larger global issue* where governments use *taxpayer money* to influence and control narratives. These moves are not just *isolated* but part of a *worldwide agenda*.
- *Censorship Pushback*: Elonâs pushback shows that sometimes, standing up for free speech can lead to massive backlash from powerful forces. But it also serves as a warning of what happens when *big powers* control the flow of information. đ”ïžââïž
---
*Let That Sink In...*
Elon Musk was not only *fighting censorship* but also confronting a global system funded by *your taxpayer dollars*âa system that went after him for promoting *free speech*. đČ
---
*Stay informed. Stay vigilant. The battle for free speech is more complex than we think.*
$DOGE
#ElonMusk #Censorship #Brazil #CryptoNews #DOGE
*Brazil's Supreme Court* was exposed for *secretly issuing orders* to silence opposition voices, and *Justice Alexandre de Moraes*, the main architect of Brazil's internet crackdown, accused Elon of *âobstruction of justiceâ*. đ§ To make matters worse, *Brazil temporarily banned X (formerly Twitter)* in response to these tensions.
But hereâs where it gets even crazier... đ„
*Mike Benz*, a former State Department official, revealed that *USAID* (U.S. Agency for International Development) had been funneled taxpayer money to *left-wing groups* with one specific agenda: *censorship*. đșđžđ° These groups were actively trying to control narratives and even influenced the *2022 Brazilian elections*.
At first, many dismissed this as a *conspiracy theory*, but then, *DOGE* (Elon Muskâs favorite) exposed something even bigger. It turned out that *USAID* had been *funding censorship efforts globally*, with billions being spent to control *media narratives* and push for more *internet censorship* worldwide. đđ
And hereâs the kickerâ*Elon Musk* paid over *$10 billion in taxes* đž, only for *USAID* to use *taxpayer money* to *fund censorship efforts* that directly targeted him and his defense of *free speech*. đ§đĄ
---
*What Does This Mean?*
- *Elonâs Efforts for Free Speech*: Elon Musk has always been vocal about *freedom of speech*. But when he called out the hidden censorship tactics, it not only cost him personally, but also exposed the massive power structures at play, controlling what we see and hear. đą
- *Global Influence*: The *USAID* revelations are part of a *larger global issue* where governments use *taxpayer money* to influence and control narratives. These moves are not just *isolated* but part of a *worldwide agenda*.
- *Censorship Pushback*: Elonâs pushback shows that sometimes, standing up for free speech can lead to massive backlash from powerful forces. But it also serves as a warning of what happens when *big powers* control the flow of information. đ”ïžââïž
---
*Let That Sink In...*
Elon Musk was not only *fighting censorship* but also confronting a global system funded by *your taxpayer dollars*âa system that went after him for promoting *free speech*. đČ
---
*Stay informed. Stay vigilant. The battle for free speech is more complex than we think.*
$DOGE
#ElonMusk #Censorship #Brazil #CryptoNews #DOGE
See original
đ«đ Any other Brazilians with Twitter blocked? Mine isn't working đ„č
#TopCoinsSeptember #bitcoin #Twitter #binance #brazil
#TopCoinsSeptember #bitcoin #Twitter #binance #brazil
Binance Secures Regulatory Authorization in Brazil, Its 21st Globally
#binance
Binance Secures Regulatory Authorization in Brazil, Its 21st Globally
Main Takeaways
Binance has secured approval from the Central Bank of Brazil for the acquisition of a locally licensed broker-dealer institution in Latin Americaâs most populous country, marking its 21st global regulatory milestone and solidifying its status as the most licensed cryptocurrency exchange worldwide.
Binance CEO Richard Teng highlighted Brazil's burgeoning crypto adoption and emphasized the company's commitment to providing a secure and innovative platform for local users.
Binance's regulatory milestone in Brazil follows similar achievements in Argentina, India, Kazakhstan, and others, highlighting its commitment to growing crypto adoption in a responsible and sustainable manner.
In a development that underscores Binanceâs commitment to adhering to the highest regulatory standards both globally and regionally, we have recently secured approval from the Central Bank of Brazil for the acquisition of Sim;paul, a broker-dealer licensed in Latin Americaâs most populous country. This achievement marks our 21st global regulatory milestone, further solidifying our status as the cryptocurrency exchange with the greatest number of licenses, registrations, and authorizations across the world.
Brazil: Embracing the Future of Finance
By receiving full approval for the takeover of Sim;paul â a licensed broker-dealer authorized to distribute securities and to issue electronic money (EMI) by the Central Bank of Brazil, Binance, which was already operating in compliance with the regulatory requirements in the country as a global exchange, can be more efficient in complying with the ongoing regulatory advancements. The approval also makes Binance the first crypto exchange to have a broker-dealer license in Brazil.
Richard Teng, Binance's Chief Executive Officer, highlighted the importance of this achievement, saying, "We are thrilled to announce our latest regulatory approval. A market with burgeoning crypto adoption, Brazil is home to a vibrant and dynamic community that is readily embracing the future of finance. We thank local regulators for their commitment to defining clear rules for this important, growing industry. This approval underscores our commitment to compliance and security, and we look forward to continuing to provide our local users with a secure, reliable, and innovative platform for their digital-asset needs."
Ranking 10th in Chainalysis global adoption index, Brazil is taking a forward-looking approach to setting specific rules for the crypto industry. The Central Bank and the Brazilian IRS have published proposals for a dedicated regulatory framework, putting it up for public consultations for market participants and experts to make suggestions, while in Congress legislators discuss federal bills on asset segregation and stablecoins, which are also relevant for the sector.
Guilherme Nazar, Head of Latin America for Binance, commented, âThis approval marks a significant milestone in our ongoing commitment to expanding our products and services in Brazil. It highlights our dedication to compliance and regulatory excellence while enhancing our ability to provide secure and innovative financial solutions to our growing user base in the country. We look forward to taking this opportunity to further drive the adoption of digital assets and deliver unparalleled value to our clients in Brazil."
Starting 2025 on a High Note
Binance's registration in Brazil follows other recent regulatory advancements across the globe this year, including in Argentina, India, Kazakhstan, and Indonesia. This dynamic showcases Binanceâs sustained global momentum and adds to previously secured licenses, registrations, and authorizations in jurisdictions like Dubai, France, Japan, El Salvador, and others.
In line with its global standards, our compliance program includes robust anti-money laundering (AML) policies and controls and a comprehensive framework for combating the financing of terrorism (CFT). In addition to that, key components of Binance's compliance program include robust identity verification processes (Know Your Customer and Know Your Business, or KYC and KYB) and the industry-leading Financial Crime Compliance (FCC) unit, designed to assist law enforcement in investigating crypto asset-related crimes and capacity building, thereby strengthening the collaborative security of the ecosystem.
Furthermore, we have expanded our global compliance team by 34% to 645 full-time employees, including strategic senior hires. We employ over 1,000 compliance staff and contractors, ensuring that we dedicate sufficient resources to drive Binance and the larger crypto ecosystemâs growth sufficiently and responsibly.
Further Reading
Binance Records Its 20th Global Regulatory Milestone With Registration in Argentina
Binance Achieves Its 19th Global Regulatory Milestone With Registration in India
Binance Kazakhstan: The First to Secure a
Full Regulatory License From AFSA
#Brazil
Binance Secures Regulatory Authorization in Brazil, Its 21st Globally
Main Takeaways
Binance has secured approval from the Central Bank of Brazil for the acquisition of a locally licensed broker-dealer institution in Latin Americaâs most populous country, marking its 21st global regulatory milestone and solidifying its status as the most licensed cryptocurrency exchange worldwide.
Binance CEO Richard Teng highlighted Brazil's burgeoning crypto adoption and emphasized the company's commitment to providing a secure and innovative platform for local users.
Binance's regulatory milestone in Brazil follows similar achievements in Argentina, India, Kazakhstan, and others, highlighting its commitment to growing crypto adoption in a responsible and sustainable manner.
In a development that underscores Binanceâs commitment to adhering to the highest regulatory standards both globally and regionally, we have recently secured approval from the Central Bank of Brazil for the acquisition of Sim;paul, a broker-dealer licensed in Latin Americaâs most populous country. This achievement marks our 21st global regulatory milestone, further solidifying our status as the cryptocurrency exchange with the greatest number of licenses, registrations, and authorizations across the world.
Brazil: Embracing the Future of Finance
By receiving full approval for the takeover of Sim;paul â a licensed broker-dealer authorized to distribute securities and to issue electronic money (EMI) by the Central Bank of Brazil, Binance, which was already operating in compliance with the regulatory requirements in the country as a global exchange, can be more efficient in complying with the ongoing regulatory advancements. The approval also makes Binance the first crypto exchange to have a broker-dealer license in Brazil.
Richard Teng, Binance's Chief Executive Officer, highlighted the importance of this achievement, saying, "We are thrilled to announce our latest regulatory approval. A market with burgeoning crypto adoption, Brazil is home to a vibrant and dynamic community that is readily embracing the future of finance. We thank local regulators for their commitment to defining clear rules for this important, growing industry. This approval underscores our commitment to compliance and security, and we look forward to continuing to provide our local users with a secure, reliable, and innovative platform for their digital-asset needs."
Ranking 10th in Chainalysis global adoption index, Brazil is taking a forward-looking approach to setting specific rules for the crypto industry. The Central Bank and the Brazilian IRS have published proposals for a dedicated regulatory framework, putting it up for public consultations for market participants and experts to make suggestions, while in Congress legislators discuss federal bills on asset segregation and stablecoins, which are also relevant for the sector.
Guilherme Nazar, Head of Latin America for Binance, commented, âThis approval marks a significant milestone in our ongoing commitment to expanding our products and services in Brazil. It highlights our dedication to compliance and regulatory excellence while enhancing our ability to provide secure and innovative financial solutions to our growing user base in the country. We look forward to taking this opportunity to further drive the adoption of digital assets and deliver unparalleled value to our clients in Brazil."
Starting 2025 on a High Note
Binance's registration in Brazil follows other recent regulatory advancements across the globe this year, including in Argentina, India, Kazakhstan, and Indonesia. This dynamic showcases Binanceâs sustained global momentum and adds to previously secured licenses, registrations, and authorizations in jurisdictions like Dubai, France, Japan, El Salvador, and others.
In line with its global standards, our compliance program includes robust anti-money laundering (AML) policies and controls and a comprehensive framework for combating the financing of terrorism (CFT). In addition to that, key components of Binance's compliance program include robust identity verification processes (Know Your Customer and Know Your Business, or KYC and KYB) and the industry-leading Financial Crime Compliance (FCC) unit, designed to assist law enforcement in investigating crypto asset-related crimes and capacity building, thereby strengthening the collaborative security of the ecosystem.
Furthermore, we have expanded our global compliance team by 34% to 645 full-time employees, including strategic senior hires. We employ over 1,000 compliance staff and contractors, ensuring that we dedicate sufficient resources to drive Binance and the larger crypto ecosystemâs growth sufficiently and responsibly.
Further Reading
Binance Records Its 20th Global Regulatory Milestone With Registration in Argentina
Binance Achieves Its 19th Global Regulatory Milestone With Registration in India
Binance Kazakhstan: The First to Secure a
Full Regulatory License From AFSA
#Brazil
Login to explore more contents