Brazil bans crypto for regulated cross-border payments
The Central Bank of Brazil has imposed a ban on the use of cryptocurrencies for international regulated payments, forcing transfers to go through traditional foreign exchange channels instead.
This move aims to combat the surge in stablecoin usage in the largest crypto market in Latin America, where around 90% of crypto flows are linked to stablecoins, according to reports.
Today: Senate Majority Leader John Thune filed a closure request regarding the nomination of Kevin Warsh for a four-year term as Chair of the Federal Reserve.
The two-day Federal Reserve Open Market Committee meeting kicks off today — likely to be Jerome Powell's last meeting as Chair — where it's widely expected that the central bank will keep interest rates steady.
Belarus is set to allow "crypto banks" to operate with 26 cryptocurrencies including Bitcoin, Ethereum, Toncoin, and Solana, supporting 11 services like deposits, loans, staking, transfers, token issuance, and exchange.
📈 Bitcoin exchange reserves have dipped, with long-term investors adding 130,000 BTC over the last 30 days, and exchange-traded funds (ETFs) recording net inflows of $1.9 billion, according to CryptoQuant.
The second round of peace talks between the United States and Iran may kick off as early as Friday as mediation efforts advance, with a unified proposal expected, according to the New York Post.
🏦 Crypto is starting to shake up the banking competition in Europe.
35% of investors said they would switch to other banks for better access to crypto, while nearly half of those believe regulations like MiCA boost their confidence. Banks are being pushed towards integration by the users.