Brazil's Central Bank

Brazil’s digital trade receivables, known as 'duplicata escritural,' are fully digital instruments linked to electronic tax invoices and registered in a central system authorized by Brazil's Central Bank. The annual market for these receivables is estimated at R$10–11 trillion, but only a small fraction is currently utilized formally.

Brazil's central bank is considering restricting Pix access for banks and fintechs with weak cybersecurity. This follows a year of costly cyberattacks.

Brazil's central bank requires crypto exchanges to follow prudential rules like banks and brokerages, classified as 'Type 3', with capital and risk requirements starting in 2027.

Brazil's central bank has removed the R$500 limit on tap-to-pay Pix, enhancing its competition with contactless bank cards. The change positions Pix as a stronger rival in the payment systems market.

The Ibovespa fell for a third consecutive day to 168,453 due to a hawkish US Federal Reserve impacting global markets, despite Brazil's central bank implementing its third consecutive rate cut to 14.25%. The article was published by The Rio Times.

Brazil's central bank reduced the benchmark Selic rate to 14.25% but adopted stronger language regarding inflation, indicating the rate-cutting cycle may be nearing its end.

The US Federal Reserve maintained interest rates but indicated a more hawkish stance under new chair Kevin Warsh, reducing Brazil's central bank's ability to continue rate cuts. The article highlights the narrowing window for Brazil's monetary policy adjustments.

The Ibovespa fell 0.45% to 169,648, marking a third consecutive decline as Brazil awaits rate decisions from the Fed and its central bank.

Brazil's annual inflation rose to 4.72% in May, surpassing the central bank's 4.5% ceiling for the first time since October. The increase was driven by rising food and drink prices, despite easing transport costs, pushing above the bank's 3% target range and clouding prospects for interest rate cuts.

Brazil's central bank has prohibited the use of stablecoins and cryptocurrencies for cross-border payment settlements. The decision aims to regulate digital currency usage in financial transactions.