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Brazil
110 TokenPost stories are tagged Brazil. The newest appear first.
Latest Brazil stories
- Coinbase Files for Brazil Crypto License Before Oct. 30 Deadline
The exchange expects its services to continue during the Central Bank of Brazil’s review. Providers that apply by the deadline can operate under transitional rules.
· Regulation
- Mercado Bitcoin Plans Sui Asset Integration for Clients in Brazil
The planned offering includes transfers of SUI, USDC and USDsui on the Sui network. SUI traded at $0.9317 as of 10:08 a.m. ET Thursday.
· Business
- Brazil's Real Rebounds After About 8% Drop as Wall Street Views Split
Citi closed bullish Brazil positions, Morgan Stanley downgraded Brazilian equities and JPMorgan lowered its recommendations for the real and local interest rates.
· Investing
- Itaú Unibanco Starts Crypto Trading and Custody Under Brazil Rules
The bank filed notice with Brazil’s central bank Tuesday, three days before the Oct. 30 deadline.
· Business
- Itaú Notifies Brazil Central Bank of Crypto Intermediation and Custody
The bank’s crypto service began in 2023. A separate authorization deadline for crypto providers is Oct. 30.
· Regulation
- Corporate Accounts Made Up 78% of Mercado Bitcoin Trading During Brazil Election
Tether trading on the exchange rose nearly 800% from the previous Sunday. The next day, the Ibovespa fell 14% and the dollar gained more than 8% against the real.
· Investing
- Santander Brasil Forecast to Post 30.6% Q3 Profit Decline
Recurring managerial net profit is estimated at R$2.783 billion, 6% below analyst consensus based on nine estimates.
· Business
- Binance Sets Brazil Restrictions on Eight Services and 22 Crypto Assets
The measures are scheduled to begin Oct. 27, three days before Brazil's deadline for first-stage authorization materials.
· Regulation
- Binance Seeks Brazil Crypto Services License as It Plans 22 Asset Delistings
Binance filed through its local entity on Oct. 23. Restrictions on crypto lending and margin trading began Oct. 27, ahead of an Oct. 30 filing deadline.
· Regulation
- January Soybean Futures Fall 1.3% as Brazil’s Dollar Quote Rises
The contract reached $12.39 during the session. Brazil’s PTAX dollar selling quote rose about 9.19% from Oct. 23 to Oct. 26.
· Investing
- EWZ Trading Volume Put at About $10 Billion
The figure concerns the iShares MSCI Brazil ETF, which offers exposure to Brazilian equities. Hyperliquid’s EWZ-linked perpetual contract is a separate instrument.
· Investing
- Lula Wins Brazil Election After Polymarket Put His Odds Near 20%
The market gave Flávio Bolsonaro an 80% chance before the vote. TxODDS co-founder Einar Knobel said its volume was 4.5% of Polymarket’s 2024 U.S. presidential election market.
· Investing
- Brazil Stocks Fall 13.88% After Lula Win as Circuit Breaker Halts Trading
The Ibovespa fell 17.34% at its intraday low, while the U.S. dollar rose 8.25% against the real to R$5.40.
· Investing
- Brazil’s Betting Authorization Deadline Passes as Ban Faces Review
The measure remains in force as Congress considers 99 amendments and Brazil’s Supreme Federal Court weighs a request to suspend it.
· Regulation
- Brazilian Stock-Market Trading Paused After Circuit Breaker Triggered
The pause took place Oct. 26.
· Investing
- EWZ Contract Falls 27% as Marketwide Liquidations Reach $14.9M
Long positions accounted for $14.73 million of EWZ’s liquidations as the contract rebounded 5.3% over five hours.
· Investing
- AST SpaceMobile Announces Brazil Spectrum Approval, Agreements With Four Operators
The company has authorization for 30 MHz of S-band spectrum and plans four ground gateways in Brazil.
· Business
- Brazilian Stock-Index Futures Hit 15% Downside Limit After Lula Win
The futures reached their downside limit after Lula's election win.
· Investing
- Banco Bradesco Falls 28.6% as U.S.-Listed Brazilian Shares Pare Losses
Itaú Unibanco and Nu Holdings each remained down more than 20%. Petrobras and Embraer also fell.
· Investing
- Brazil Small-Cap Stock Index Drops 30% in Record Decline
A U.S.-listed Brazilian bank remained down more than 28% later in the morning, even after paring losses.
· Investing
- Brazil’s Real Falls 8.2% to 5.42 per Dollar as B3 Resets Limits
B3 set the Ibovespa futures fluctuation limit at -20% and the foreign-exchange limit at 12%. Brazilian real futures also hit their lower trading limit.
· Investing
- Lula’s Runoff Win Prompts Debate Over Prediction Market Odds
Kalshi odds swung during the vote count, while Polymarket settled its Brazil election contract in Lula’s favor.
· Investing
- Petrobras ADRs Were Quoted 23.55% Below Friday Close in Premarket
The $20.00 quote came at 5:37 a.m. ET after PBR gained 2.11% Friday; it was not a regular-session closing price.
· Investing
- Lula Wins Fourth Term as Brazil ETF-Linked Contract Falls 27%
Currency derivatives pointed to about 5.55 Brazilian reais per U.S. dollar ahead of Monday's local market open.
· Investing
- Hyperliquid Liquidates $1.62 Million Long in Brazil ETF Contract
The EWZ-linked contract fell 23.11% over 24 hours. One account later opened a $995,800 long position.
· Investing
- Brazil ETF in Japan Falls About 15% After Lula’s Election Win
A separate Hyperliquid perpetual contract tied to EWZ also fell after the result, but the two moves involve different products and markets.
· Investing
- Daswani Sees Brazil Opening Selloff as Buying Opportunity After Lula Win
He tied the risk to trades built around Bolsonaro’s expected victory and stronger fiscal discipline, while citing rates, commodities and critical minerals as longer-term supports.
· Investing
- Lula Wins Brazil Election to Begin a First-Ever Fourth Term
With 99.99% counted, Lula led 51.78% to 48.22%; a Hyperliquid contract tied to Brazil’s EWZ ETF fell more than 22% after the result.
· Regulation
- Brazil’s CVM Would Retain 70% of Fees Under Modernization Plan
The push was prompted by a court ruling and IMF recommendations.
· Regulation
- Lula Wins Fourth Term as Brazilian President in Narrow Runoff Victory
Lula received 51.8% of valid votes, while Senator Flávio Bolsonaro took 48.2%.
· Business
- Brazil’s CVM Establishes Experimental DLT Pilot as Chief Cites R$11.5 Trillion Fund Market
CVM President Otto Eduardo Fonseca de Albuquerque Lobo says tokenization could aid oversight, while Resolution 249 limits testing to an experiment without live investors, issued securities or real financial resources.
· Regulation
- Sigma Lithium Shifts $100 Million Repayment Deadline to June 2027
The company says 93% of its debt profile was extended to June 2027. Its Grota do Cirilo operation in Brazil restarted Oct. 5, and Sigma kept its year-end 2027 production target.
· Business
- Prediction Market Prices Flávio Bolsonaro at 65% to Win Amapá
The Oct. 23 market snapshot concerns a regional contest. TokenPost previously covered a separate national runoff projection at 85%.
· Investing
- Brazil’s Bank and Commodity Weights Set Indexes Apart Ahead of Runoff
Domestic banks and commodity producers make up sizable portions of the MSCI Brazil Index and Ibovespa, but that mix alone does not establish a hedge against AI-linked stocks.
· Investing
- BlackOpal CEO Says Brazil Can Raise Some Outbound FX Tax Rates by Decree
BlackOpal co-founder and CEO Jason Dehni said Brazil’s next president could adjust certain Tax on Financial Operations (IOF) rates within legal limits; current rules set 3.5% and 1.10% rates for different transfer cat…
· Regulation
- Brazil Real Hedging Costs Hit Highest Since 2011 Ahead of Runoff
Recent polls show President Luiz Inácio Lula da Silva and Sen. Flávio Bolsonaro with nearly equal support before the Oct. 25 vote.
· Investing
- Bybit Applies for Brazilian VASP License as Local Plans Advance
The company has a São Paulo-based leadership team and secured six licenses in 2026.
· Regulation
- Prudential Financial to Sell Brazil, Mexico Units for $4.025 Billion
CNP Assurances would acquire both insurance businesses outright. The companies expect to close the deal in the second half of 2027, subject to regulatory approvals.
· Business
- Plus500 Agrees to Buy Brazilian Broker After U.S. Acquisition Agreement
The deal would add a locally regulated brokerage as Plus500 plans to expand its Brazilian products. The purchase price was not disclosed.
· Business
- Brazil Phases In a 40-Hour Workweek and Second Paid Rest Day
The 42-hour ceiling and second paid rest day begin two months after publication; the 40-hour cap follows one year later.
· Regulation