Key Takeaways Brazil raided 87 shell companies in Operation Veil of Maya, disrupting an illegal crypto laundering ring. The ring transferred gambling funds abroad via crypto, evading taxes in a massive underground market. The enforcement action backs Braz... See more
With information from the Ministry of Finance and the Prizes and Betting Secretariat (SPA), the Police executed nine search warrants in São Paulo, Ribeirão Preto, Porto Alegre, and Canoas, targeting 87 companies suspected of facilitating money laundering ... See more
Key Takeaways SWIFT launched a blockchain ledger for tokenized deposits, enabling 24/7 global interbank transactions. Seventeen banks will pilot the network, easing liquidity limits and improving fund management efficiency. Swift developed the ledger in j... See more
The Brussels-based institution highlighted that the blockchain ledger underneath this project progressed from proof of concept to activation and pilot use in nine months. Seventeen banks on six continents will now conduct pilot payments with tokenized dep... See more
Key Takeaways Tether invested $20M in Mercado Bitcoin, accelerating the expansion of Latam on-chain payment infrastructure. Mercado Bitcoin will deploy the capital to build tokenized assets, securing a wider footprint across Latam. Brazil is advancing sta... See more
