Francisco Carvalho

#Blockchain : Under Brazil’s G20 Presidency, the Bank for International Settlements – BIS (BIS) Innovation Hub and the Banco Central do Brasil (BCB) launched the G20 TechSprint 2024 to foster innovative technological solutions in addressing challenges to scale #sustainablefinance. The G20 TechSprint 2024 underscored the transformative potential of advanced technologies for scaling investments in nature-based solutions, performing #ESG due diligence, and making #SDG aligned financial decisions and capital allocation. This fifth edition of the joint BIS and G20 TechSprint aligns with Brazil’s G20 presidency priority theme of “Building a Just World and a Sustainable Planet”. Against this backdrop, the chosen theme for the G20 TechSprint 2024 was “Technology for the Planet”, calling for technologies to foster Nature-based Solutions (NbS), Environmental, Social and Governance (ESG), and Sustainable Development Goals (SDGs). The G20 TechSprint 2024 built on the learnings from the joint BIS, Central Bank of the #UAE and COP28 Presidency TechSprint completed in 2023 which focused on Artificial Intelligence ( #AI ), blockchain and sensor technologies for sustainable finance. EmpowerEdge Ventures

24

2 Comments

Mercado Bitcoin (MB), Latin America's largest digital asset platform, has launched MBRL stablecoin on the TRON blockchain. The MBRL stablecoin is pegged to the Brazilian Real, providing a reliable store of value with 24/7 liquidity. 'The introduction of MBRL is a significant milestone for both MB and the growing crypto community in Brazil,' said Lucca Benedetti, Product Analyst at MB. 'The TRON blockchain has already seen widespread adoption in the region.' Sam Elfarra, Community Spokesperson at TRON DAO, commented, 'We are thrilled to see MRBL launch in the TRON ecosystem. The launch is a significant step forward in our mission to provide accessible, efficient, and scalable blockchain solutions globally.' Leveraging the TRON network will enable MB to offer users faster, more reliable asset transfers with lower fees, enhancing transaction efficiency and accessibility. Customers can now buy MBRL on Mercado Bitcoin's offer book or issue it directly with a deposit of BRL. #stablecoin #tronblockchain #brazilianreal

1

🚨BCR Podcast #100 is live featuring Yan Martins, co-founder of Hathor Network, recorded onsite at Web Summit Rio Key themes in this conversation: - Hathor's unique approach to blockchain scaling that combines the performance of a Directed Acyclic Graph with the security of a traditional blockchain structure - How Brazil's B3 stock exchange and Vórtx QR Tokenizadora are using Hathor infrastructure for tokenization projects - How the Hathor network uses the same mining algorithm as bitcoin, allowing for merge mining and tapping into Bitcoin's vast mining infrastructure for enhanced security - Hathor's upcoming EVM bridge 🎙Links to full episode in the comments 👊 Be sure to follow Brazil Crypto Report for more news, interviews and analysis exploring this exciting digital asset ecosystem

53

5 Comments

A Banco de Portugal Occasional Paper on Decentralized Finance Decentralised Finance (DeFi) has gained significant attention in recent years. It aims to replicate the functions of the traditional financial system in a disintermediated way leveraging on the interplay between blockchain technology, smart contracts and stablecoins. This paper provides an overview of the underlying components of this relatively new ecosystem, as well as its associated risks from the perspective of a financial supervisory authority. While DeFi inherits the risks present in traditional finance, some of these risks could be amplified due to the lack of a clear regulatory framework and the intrinsic features of the DeFi space. Therefore, this paper also takes a closer look at the regulatory challenges involved, including the promise of self-regulation, and explores potential avenues for addressing these challenges without stifling the innovation that DeFi can foster.

46

Latin America’s largest digital asset platform, Mercado Bitcoin, has taken significant steps in tokenizing real-world assets by launching an on-chain dollar-linked token backed by logistics assets. This initiative, supported by XDC Network technology, reflects Brazil’s growing role in the global RWA market, particularly in the tokenization of commodities and logistics assets. As the market for RWAs continues to grow, Brazil is emerging as a key player, with its strong focus on leveraging blockchain technology for financial inclusivity and innovation. I’m very glad to see Brazil leading the tokenization market among six other countries!🚀 #blockchain #tokenization #brazil #realworldassets

15

Brazil is poised to revolutionize its financial sector with the launch of an AI-powered "super app" in 2025, announced by Central Bank President Roberto Campos Neto at the Blockchain Rio event. This innovative platform aims to integrate AI, the upcoming central bank digital currency (CBDC) Drex, and a range of financial services into a seamless, user-friendly application. The app will allow Brazilians to manage their finances efficiently, from making payments to accessing personalized financial advice, leveraging AI technology similar to OpenAI's ChatGPT to enhance security and user experience. A significant feature of the super app is the integration of Brazil's real-time payment system, Pix, which will facilitate swift and secure transactions. The app will also consolidate financial data to provide personalized insights and recommendations, streamlining financial management for users. Additionally, the Central Bank of Brazil and Caixa Econômica Federal are investigating the possibility of offline transactions using Drex to ensure financial accessibility in areas with limited internet connectivity, promoting greater financial inclusion. Despite the ambitious vision, the project faces challenges, notably in navigating the regulatory landscape, as highlighted by the recent postponement of AI regulations by the Brazilian Senate. The success of the super app will hinge on its ability to balance innovation with regulatory compliance. If managed effectively, Brazil's super app could transform financial interactions for its citizens and set a new global benchmark for digital banking, garnering international recognition from entities like the Bank for International Settlements (BIS).

7

🚀#Stablecoins are becoming increasingly important in emerging markets, such as Brazil, Nigeria, Turkey, Indonesia and India. They are being used more and more, especially on #ethereum, for everyday finances for savings, payments, and currency conversion. Users appreciate them for their performance, operational efficiency, and reduced exposure to government regulation compared to traditional banking. A recent report shows that 69% of the respondents have chosen to convert their local currency into stablecoins, while 39% have used these digital currencies to purchase goods and services or send money to relatives abroad. Additionally, 30% indicated that they use stablecoins in their business. 📈Despite the growing adoption of native #cryptoassets, interest in tokenized real-world assets (RWAs) also plays a significant role in driving market trends. For a comprehensive overview, I recommend reading the full report. https://lnkd.in/drk2B-28

10

🏦 Febraban: Tradfi should lead Brazil’s crypto and token revolution A new report on emerging technologies produced by Febraban (Brazil's bank trade association) and Accenture argues that Brazil’s Tradfi banks and financial institutions should lead the charge on cryptocurrencies and RWA tokenization. The report suggests that banks are in a privileged position to lead in these areas due to their established reputations and existing infrastructure, as opposed to “lower confidence” crypto-native companies. The report argues: “Despite the constant technical evolution and the potential to generate benefits, Blockchain faces challenges for implementation as an institutional solution. Crucial issues such as privacy, standardization and transactional cost x performance need to be addressed technically.” It also argues that instead of seeing these new technologies as a threat, banks should embrace them as a way to improve their products and services. The Febraban report adds that RWA tokenization is a critical area of focus for Brazilian banks "Recent market analyzes indicate that despite slower than expected growth, asset tokenization is on its way to achieving a global trillion market by 2030, excluding StableCoins, CBDCs and tokenized deposits." via Caio Jobim of Cointelegraph Brasil

18

2 Comments

🇧🇷 Brazil’s unique position in crypto adoption stems from high tech penetration and financial innovation. Guilherme Nazar discusses how retail investors are leading the market and what’s next for Brazil’s crypto ecosystem. 🎙️Full Interview YouTube: https://lnkd.in/di5KFvNV Spotify: https://lnkd.in/dCxXvRMA Apple: https://lnkd.in/gTyGKV-c 🙌 Shout out to our episode sponsors - LIT Collective is your go-to source for Web3 creative needs -Morphware is providing high-performance compute for AI models and agents using hydroelectric energy from the Itaipu Dam #Crypto #Blockchain #Brazil #Fintech #Innovation

9

1 Comment

🚨 ICYMI: Nubank is partnering with Lightspark to bring bitcoin Lightning Network functionality and the Universal Money Address protocol to Nubank's 100 million customers in Brazil and Latam This week's edition of the 🇧🇷Brazil Crypto Report newsletter explores. Other highlights include: ⚒️ Phase 2 of the Banco Central do Brasil's Drex pilot project will open up to new participants beyond the original 16 consortia. Phase 2 will focus on testing privacy solutions and incubating new use cases 👀 Binance is outside the reach of the Receita Federal’s taxation probe examining foreign exchanges, says Finance Minister Fernando Haddad 🎉 Santander Brasil soft-launches its crypto trading platform for customers ⚡️ 31% of Brazilians hold more than 10% of their investment portfolio in cryptocurrencies, according to a new survey commissioned by Coinbase. Catch the link to the full edition on Substack in the comments below👇

4

1 Comment

BRAZILS CENTRAL CENTRAL BANK SET TO REVOLUTIONIZE CRYPTO INDUSTRY WITH UPCOMING REGULATIONS By Kingsley Ugochukwu Ekwuruke, ISMN, CNBP, SNM, Founder NENBSUAIn a groundbreaking move, the Central Bank of Brazil is poised to finalize a comprehensive regulatory framework for the cryptocurrency industry by the end of 2024. As a renowned expert in blockchain and energy, I, Kingsley Ugochukwu Ekwuruke, Founder of the Nigerian Energy and Blockchain Stakeholders Association (NENBSUA), will provide an in-depth analysis of this development and its far-reaching implications.https://https://lnkd.in/e6_dtbad

1