BrazilNews
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Brazil is taking bold steps in the field of digital currencies, combining innovation with strict regulation. Among the most notable moves:
1. Strengthening relations with China through plans to issue sovereign bonds denominated in yuan (Panda bonds), to reduce reliance on the US dollar and diversify funding sources.
2. Regulating stablecoin transfers through proposed new rules that limit the transfer of these currencies to external wallets, aimed at reducing risks such as fraud and tax evasion.
3. Safe innovation, as Brazil is clearly moving towards leading the field through initiatives like launching the instant XRP fund and planning to adopt a stablecoin and Bitcoin reserves, while maintaining financial stability through tight regulations.
#xrp
#BrazilNews
CoinMarketCap
1. Strengthening relations with China through plans to issue sovereign bonds denominated in yuan (Panda bonds), to reduce reliance on the US dollar and diversify funding sources.
2. Regulating stablecoin transfers through proposed new rules that limit the transfer of these currencies to external wallets, aimed at reducing risks such as fraud and tax evasion.
3. Safe innovation, as Brazil is clearly moving towards leading the field through initiatives like launching the instant XRP fund and planning to adopt a stablecoin and Bitcoin reserves, while maintaining financial stability through tight regulations.
#xrp
#BrazilNews
CoinMarketCap
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š„Former President Fernando Collor Arrested Following Supreme Court Decisionā
Fernando Collor de Mello, former President of Brazil, was arrested early Friday (25th) in MaceiĆ³, Alagoas, after Supreme Federal Court (STF) Minister Alexandre de Moraes denied his appeals. Collor was convicted of corruption and money laundering in the Lava Jato investigation, receiving a sentence of eight years and 10 months.
The arrest occurred around 4 a.m. at MaceiĆ³ airport, as Collor traveled to BrasĆlia to voluntarily comply with the court order. He is currently being held at the Federal Police headquarters in MaceiĆ³.
STF President LuĆs Roberto Barroso scheduled an emergency virtual session to review the case, but the arrest warrant remains in effect until further notice.
Collorās conviction stems from receiving over R$20 million in bribes between 2010 and 2014, linked to contracts between BR Distribuidora (a Petrobras subsidiary) and UTC Engenharia.
After exhausting all appeals, the ruling is now final and cannot be challenged.
(Source: G1)
#FernandoCollor #BrazilNews #BinanceAlphaPoints #TariffPause
Fernando Collor de Mello, former President of Brazil, was arrested early Friday (25th) in MaceiĆ³, Alagoas, after Supreme Federal Court (STF) Minister Alexandre de Moraes denied his appeals. Collor was convicted of corruption and money laundering in the Lava Jato investigation, receiving a sentence of eight years and 10 months.
The arrest occurred around 4 a.m. at MaceiĆ³ airport, as Collor traveled to BrasĆlia to voluntarily comply with the court order. He is currently being held at the Federal Police headquarters in MaceiĆ³.
STF President LuĆs Roberto Barroso scheduled an emergency virtual session to review the case, but the arrest warrant remains in effect until further notice.
Collorās conviction stems from receiving over R$20 million in bribes between 2010 and 2014, linked to contracts between BR Distribuidora (a Petrobras subsidiary) and UTC Engenharia.
After exhausting all appeals, the ruling is now final and cannot be challenged.
(Source: G1)
#FernandoCollor #BrazilNews #BinanceAlphaPoints #TariffPause
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