Brazil Crypto Ban?! Largest Bank’s SHOCKING Stablecoin Plan REVEALED!

Latam Insights: Largest Latam Bank Mulls Stablecoin, Brazil Bans Retirement Funds From Investing in Crypto

Greetings! Here’s my take on your request:

As a dedicated researcher delving into the dynamic world of cryptocurrencies and economics, I’m thrilled to introduce you to this week’s edition of Latam Insights. This weekly compilation brings you the most significant crypto and economic news hailing from Latin America. In our latest issue, Itau is mulling over the idea of introducing its own stablecoin. Meanwhile, Brazil has imposed a restriction on retirement funds, prohibiting them from investing in cryptocurrencies. Furthermore, as a member of BRICS, Brazil is advocating for local currency transactions to bolster its standing within this influential group.

Largest Bank in Brazil Mulls Stablecoin, Awaits Regulation

Financial institutions globally are exploring the potential uses and integration of stablecoins within their operations. Notably, Itaú Unibanco, the leading bank in Brazil and Latin America, has proposed the idea of creating an internal stablecoin specifically designed for its more than 55 million customers.

Guto Antunes, who leads the digital assets department at Itaú, stated that the growing interest in this field is due to a shift in the U.S. government’s perspective on cryptocurrencies and the significance of stablecoins since they have been highlighted as instruments to bolster and safeguard the strength of the US dollar.

At a bank event, Antunes stated:

Absolutely, it’s something we always keep under consideration. The topic of stablecoins has consistently been within our field of vision at Itaú. We can’t overlook the potential that blockchain technology holds for executing transactions swiftly and securely.

bitcoin.com/largest-bank-in-brazil-mulls-stablecoin-awaits-regulation/”>Read more.

Brazil Bans Retirement Funds From Investing in Cryptocurrency

Brazil has moved a step back in embracing Bitcoin usage and advancement as an investment option. The National Monetary Council, one of the main high-level bodies responsible for economic and monetary policies, has issued a decree prohibiting retirement funds from investing in digital currencies, which are often called “virtual assets.

Resolution 5,202, published on March 27, amends an earlier resolution regarding the rules that supplementary pension entities must follow. It now states that these entities cannot “acquire or maintain, directly or indirectly, investments in virtual assets.”

Investing in firms that themselves invest in cryptocurrencies such as Bitcoin or other digital assets is likewise barred under this regulation, thus eliminating any potential workarounds for channeling money into Bitcoin via businesses such as Strategy.

BRICS Expands Currency Independence Plan as Brazil Champions Dollar-Free Deals

The Brazilian Finance Ministry has once again emphasized its commitment to increasing the adoption of local currencies in trade among BRICS countries, as reported by Secretary Tatiana Rosito. In an interview with the BRICS Brasil 2025 web portal held on Monday in Buenos Aires, Rosito hinted that Brazil is ready to back any project aimed at decreasing dependence on the U.S. dollar within these regional transactions. According to Russian news agency Tass, she expressed this viewpoint.

Trade using local currencies, such as between Brazil and China, is currently taking place, with no hindrances from the Brazilian side.

The group known as BRICS, comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates (UAE), has been progressively adopting financial strategies aimed at reducing their reliance on external entities. A key part of this transition is the establishment of the New Development Bank, a crucial element that Rosito mentioned.

Largest Bank in Brazil Mulls Stablecoin, Awaits Regulation

Brazil Bans Retirement Funds From Investing in Cryptocurrency

BRICS Expands Currency Independence Plan as Brazil Champions Dollar-Free Deals

Read More