Brazil Crypto Report

Olá pessoal!For today’s episode I’m joined by FTX’s former Head of Brazil and Latin America Antonio Neto to talk about the collapse of the cryptocurrency exchange and its larger-than-life founder Sam Bankman-Fried.In this conversation, Antonio shares publicly for the first time about his experience witnessing the dramatic collapse of one of crypto's most prominent exchanges firsthand. As employee #52, he discusses FTX's final days and shares his personal experience navigating one of the industry's most significant failures.The conversation offers rare insights into FTX's internal culture, the warning signs that were missed, and the chaotic sequence of events that led to its downfall. Antonio, who lost much of his personal wealth in the collapse, shares his perspective on why the bankruptcy happened so quickly and reflects on the complex relationships between FTX, Alameda Research, and key stakeholders.🙌 If you enjoy this content, please consider dropping a like or giving a 5-star rating to BCR wherever you listen to podcasts: YouTube | Spotify | Apple PodcastsKey Highlights:* FTX's unique culture attracted many crypto OGs and experienced professionals, despite lacking traditional corporate structure* The company's meteoric rise during the pandemic was fueled by a small, dedicated team working 12-14 hour days* Internal warning signs were often dismissed as "features, not bugs" of a fast-moving startup* The relationship between FTX and Alameda Research was more complex than publicly known* The bankruptcy declaration came surprisingly quickly, possibly driven by employees with traditional finance backgrounds looking to protect their future reputationsImportant Takeaways:* The importance of proper corporate governance and board oversight in crypto companies* How the "move fast and break things" mentality can mask serious structural issues* The dangers of concentrated power in crypto organizations* Why proper segregation of assets is crucial for exchanges* The impact of personal relationships on business decisions in cryptoAntonio's story serves as both a cautionary tale and a valuable lesson for the crypto industry. His decision to focus on moving forward rather than dwelling on losses offers an interesting perspective on resilience in the face of catastrophic failure.The episode provides a fascinating glimpse into one of crypto's most dramatic moments, told by someone who lived through it. Be sure to check back in next week for Part 2 of this conversation. Have a great weekend everyone!-AWS🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byPowered by hydroelectric energy from the ITAIPU Dam, Morphware provides high-performance compute to run, train, and build your AI apps and agents.One of the greatest expenses when it comes to building AI applications is the compute. Morphware provides a gateway to accessible compute for AI development.Using abundant clean energy from Paraguay, NVIDIA’s highest performing GPU servers, and bitcoin mining infrastructure Morphware offers some of the most competitive prices for compute in the industry.Follow on X @Morphwareai and join the Telegram to be a part of the communityRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

Olá pessoal!For our first episode of 2025, I’m joined by Hathor Network co-founders Marcelo Brogliato and Yan Martins to discuss their ecosystem and ambitious plans for 2025. As Hathor approaches its 5-year mainnet anniversary, the project stands out for its novel hybrid DAG-blockchain architecture and its focus on real-world asset tokenization and other features. They have a lot of exciting new features and community initiatives for 2025, so I definitely recommend keeping an eye on this project. If you want more background on Hathor, I recommend checking out this interview I did with Yan at Web Summit Rio 2024. 🙌 If you enjoy this content, please consider dropping a like or giving a 5-star rating to BCR wherever you listen to podcasts: YouTube | Spotify | Apple Podcasts Key Highlights of this Episode* Introduction of "nanocontracts" - Python-based smart contracts designed to lower the barrier to entry for non-blockchain developers* Implementation of an anti-MEV mechanism to create fairer trading conditions* Development of a "blueprint" system that allows developers to monetize their smart contract code* Integration with MetaMask through Snaps and upcoming EVM bridge deployment* Launch of a comprehensive grants program to accelerate ecosystem growthThe conversation reveals how Hathor has quietly built significant traction in the RWA space, notably facilitating Latin America's largest precatory note tokenization to date. While many projects are just beginning to explore RWA opportunities, Hathor has been focusing on this sector since 2018, working closely with Brazilian regulators and financial institutions.Technical Innovation: * Hathor's hybrid architecture addresses the blockchain trilemma through a unique approach that combines DAG-based transaction processing with traditional blockchain security. * Their upcoming nanocontracts platform aims to revolutionize smart contract development by allowing developers to write contracts in Python rather than specialized languages like Solidity.2025 Strategic Focus: * The team is expanding beyond their RWA roots to embrace DeFi and Web3 applications, while maintaining their commitment to accessibility and security. * The introduction of partially signed transactions and anti-MEV mechanisms positions Hathor as a compelling alternative for DeFi developers seeking a more equitable trading environment.Ecosystem Development: * With MetaMask integration, EVM compatibility, and a new grants program, Hathor is laying the groundwork for significant ecosystem expansion in 2025. * Their blueprint system introduces an innovative way for developers to monetize their code, potentially creating new incentive structures for blockchain development.This episode provides a great look into how a Latin American blockchain project is innovating beyond the standard Layer 1 playbook, focusing on real-world adoption while building developer-friendly infrastructure. Specifically, I enjoyed hearing the story of how Hathor emerged from Marcelo’s Ph.D work and his novel vision for creating a scalable blockchain network. Have a great weekend everyone!-AWS🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byPowered by hydroelectric energy from the ITAIPU Dam, Morphware provides high-performance compute to run, train, and build your AI apps and agents.One of the greatest expenses when it comes to building AI applications is the compute. Morphware provides a gateway to accessible compute for AI development.Using abundant clean energy from Paraguay, NVIDIA’s highest performing GPU servers, and bitcoin mining infrastructure Morphware offers some of the most competitive prices for compute in the industry.Follow on X @Morphwareai and join the Telegram to be a part of the communityRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!David Lawant is Head of Research at FalconX, an institutional prime brokerage in the US. He joins for a great discussion about crypto market liquidity and institutional adoption trends. With previous roles at Bitwise Asset Management and Hashdex, and equity research experience at Itau and JPMorgan prior to that David brings a unique perspective bridging both US and Brazilian crypto markets.As one of the largest crypto prime brokers, FalconX serves as a crucial infrastructure provider for institutional players entering the space - from crypto-native hedge funds to traditional banks and ETF issuers. David's role involves analyzing market trends and helping institutional clients navigate the evolving crypto landscape.Key Market Insights:* Bitcoin spot trading volumes exploded from $10-12 billion daily pre-election to over $25 billion by mid-December, with several days exceeding $40 billion. This represents a 2-4x increase in market depth* Despite the price surge from $60-70K to $90-100K, order books have remained surprisingly tight, creating heightened price sensitivity to news and market sentiment.* Current market conditions mirror the October 2020 anticipation phase, suggesting we could be at the start of another significant market cycle* Bitcoin options open interest has reached $30 billion, matching what futures markets achieved just months ago🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.David and I also spend some time comparing institutional adoption across the US and Brazilian markets.* While US markets show broader institutional adoption across different types of funds, Brazilian banks are actually ahead in providing direct crypto access to clients* Brazil's Central Bank's progressive stance has enabled major financial institutions to offer integrated crypto services - something still rare in the US market* Traditional financial advisors remain an untapped market in both countries, though ETF launches are helping bridge this gapLooking ahead to 2025, David is particularly excited about several trends, including the potential for crypto index ETFs, the continued maturation of the derivatives market, and the emerging Bitcoin Layer 2 ecosystem.David brings incredible insights into institutional crypto trends, liquidity and market structure, and how major financial players are approaching this space. I really enjoyed this conversation and I hope you do as well. You can connect with David on Linkedin.Have a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackPowered by hydroelectric energy from the ITAIPU Dam, Morphware provides high-performance compute to run, train, and build your AI apps and agents.One of the greatest expenses when it comes to building AI applications is the compute. Morphware provides a gateway to accessible compute for AI development.Using abundant clean energy from Paraguay, NVIDIA’s highest performing GPU servers, and bitcoin mining infrastructure Morphware offers some of the most competitive prices for compute in the industry.Follow on X @Morphwareai and join the Telegram to be a part of the communityRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!For today’s interview I’m joined by Guilherme Nazar, who is Binance’s regional vice president for Brazil and the broader Latin America region. We discuss how Binance is positioning itself in key Latam markets while engaging with evolving regulatory frameworks.Key Takeaways:* Brazil's crypto market remains predominantly retail-driven, with users showing strong engagement in products like copy trading and earn features. The market exhibits unique characteristics including high mobile penetration and technological adaptability, though institutional adoption is still developing* Binance’s regulatory engagement is intensifying across the region, including the with the public consultations issued by Brazil's Central Bank* The exchange brings experience from ~20 different jurisdictions globally where it now holds licenses, emphasizing the importance of maintaining global liquidity while adapting to local requirements* Binance’s leadership transition away from Changpeng Zhao to new CEO Richard Teng has been successful and the platform has maintained strong user growth globally — with a total of 240 million registered at the end of 2024* Different LATAM markets show distinct adoption patterns: Brazil focuses on trading and investment, Mexico emphasizes remittances, and Argentina shows higher adoption rates driven by store-of-value use cases🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.Looking Ahead to 2025The coming year appears pivotal for crypto adoption in Latin America. Guilherme highlighted several key developments to watch:* The institutional segment is showing early signs of growth, with volumes increasing significantly year-over-year. As regulatory frameworks mature, particularly in Brazil, this trend is expected to accelerate.* Binance Pay is emerging as a strategic product for the region, with the exchange working to expand merchant adoption across major markets.* The exchange plans to maintain its market-leading position through continued focus on user security, education, and platform development — while adapting to local market needs and regulatory requirements.As Latin America's crypto ecosystem matures, the region is increasingly drawing global attention as an adoption hub. With major regulatory developments expected and institutional interest growing, 2025 could mark a significant evolution in the region's crypto landscape. Binance's deep engagement across major LATAM markets positions it to play a central role in this transformation, particularly as regulatory frameworks solidify and institutional participation expands.You can connect with Gui on LinkedinHave a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackPowered by hydroelectric energy from the ITAIPU Dam, Morphware provides high-performance compute to run, train, and build your AI apps and agents.One of the greatest expenses when it comes to building AI applications is the compute. Morphware provides a gateway to accessible compute for AI development.Using abundant clean energy from Paraguay, NVIDIA’s highest performing GPU servers, and bitcoin mining infrastructure Morphware offers some of the most competitive prices for compute in the industry.Follow on X @Morphwareai and join the Telegram to be a part of the communityRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today’s interview is with former Binance executive and current Coins CEO Wei Zhou. Coins is an OG crypto exchange that originated in the Philippines in 2014. We discuss Wei’s recent acquisition of the platform and his push to expand it into emerging markets globally, including Brazil and Latin America. Key Takeaways:* Coins.ph has successfully transformed from a regional Filipino exchange into a global platform, now processing $15-20 million daily in stablecoin-to-peso trading* The Coins’ global expansion strategy focuses on emerging markets rather than traditional financial centers, targeting regions with similar banking infrastructure and user behavior patterns* Zhou emphasizes the importance of moving beyond simple token listings to creating genuine partnerships with blockchain projects and fostering real community engagement* The platform aims to reduce costs for users by improving fiat on/off ramps and developing innovative local currency solutionsZhou brings a unique perspective to cryptocurrency adoption, drawing from his experience as Binance's former CFO and his role in developing their Launchpad product. He also IPO-ed several companies in the US during his TradFi days. He argues that the industry needs to shift focus from financial inclusion – which he considers largely solved through widespread mobile wallet adoption – to financial empowerment."The real freedom of money isn't just about speculation or mobility," Zhou explains. "It's about the internet taking over financial services the same way it transformed commerce and information sharing – lowering costs, increasing speed, and expanding access."🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.Powered by hydroelectric energy from the ITAIPU Dam, Morphware provides high-performance compute to run, train, and build your AI apps and agents. One of the greatest expenses when it comes to building AI applications is the compute. Morphware provides a gateway to accessible compute for AI development. Using abundant clean energy from Paraguay, NVIDIA’s highest performing GPU servers, and bitcoin mining infrastructure Morphware offers some of the most competitive prices for compute in the industry.Follow on X @Morphwareai and join the Telegram to be a part of the communityOur discussion also touches on regulatory developments, with Wei sharing insights on how different jurisdictions approach crypto regulation. He emphasizes the importance of working within regulatory frameworks while maintaining innovation, particularly in emerging markets where cryptocurrency can have the most significant impact.Looking ahead, Coins plans to launch services in Brazil, focusing on building local partnerships and creating real-world use cases for crypto. The platform aims to differentiate itself through deeper integration with local financial systems and a commitment to community engagement.This episode offers good insights for anyone interested in crypto in emerging markets and the evolving relationship between traditional finance and digital assets. You can connect with Wei on X/Twitter and LinkedinHave a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Brazil’s Central Bank released a controversial proposed rule last week calling for a prohibition on stablecoins being used in self-custodied wallets. This is an extremely important development with lots of implications for crypto markets, operators and users in Brazil. To help us understand this proposal, I spoke with Rodrigo Caldas de Carvalho Borges, a partner at Carvalho Borges Araujo Advogados in Sao Paulo. 🔑 Key Takeaways* The Central Bank of Brazil is proposing a ban on self-custody of stablecoins like USDT. This would limit transfers to only licensed exchanges and service providers* Crypto would be regulated in the same manner as foreign exchange transactions. These transactions would need to flow through regulated channels, creating a more controlled environment for cross-border transfers* The proposal could significantly impact how international transactions are monitored and regulated within Brazil's crypto ecosystem* The Central Bank wants greater visibility into the volume of US dollar-pegged stablecoins that are leaving the country, particularly with the Brazilian real at an all-time low. The proposed rule could fundamentally alter how Brazilians access and use not just stablecoins, but crypto assets of every type, and it could set a precendent for how other emerging markets approach stablecoin regulation. The requirement for exchanges to implement wallet whitelisting would create new compliance challenges and could reshape how international transactions are conducted.🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.The implementation of these rules would create a closed ecosystem where stablecoin transactions can only occur within a network of regulated entities. This means users would no longer be able to freely transfer stablecoins to private wallets or engage in peer-to-peer transactions outside of regulated platforms.While the industry is still trying to process exactly what the implications of this would be, there are concerns that this would limit financial innovation, create operational and compliance burdens for service providers, and potentially push users towards unregulated entities. The Central Bank’s comment window for this rule is open until the end of February. You can connect with Rodrigo on Linkedin. Have a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today Aaron is joined by veteran crypto analyst Noelle Acheson to examine this pivotal moment where bitcoin is rapidly intersecting with traditional finance and policy.Noelle is the author of the Crypto is Macro Now newsletter and one of the leading experts at the intersection of crypto and the global macroeconomy. She previously ran the research divisions at CoinDesk and Genesis Trading, and has a rich background in corporate finance prior to joining crypto.She is one of the brightest minds out there at articulating the value of bitcoin and crypto in the context of institutional investors and global macroeconomic shifts. Key themes from this episode: * The impacts of a pro-crypto administration in the US, including the potential creation of a dedicated crypto regulatory “czar” position and talk of a Strategic Bitcoin Reserve, on market sentiment* The evolution of bitcoin as a multi-narrative asset: store of value, risk asset, and technological innovation platform* MicroStrategy's innovative financial engineering to massively increase its bitcoin holdings through zero-coupon convertible debt issuance* Growing institutional interest in bitcoin for corporate treasury management and national reserves* Global monetary policy shifts, particularly around defense spending, driving potential currency debasement🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.We also explore bitcoin in the context of the global monetary policy environment. Noelle argues that rising global defense spending, particularly in Europe and the U.S., could drive increased government debt issuance. This dynamic, coupled with potential declining foreign interest in government bonds, may lead to monetary expansion— thus strengthening the case for bitcoin as a hard asset.We also touch on innovations like CBDCs, stablecoins and tokenization as crucial developments for long-term adoption and integration with TradFi systems. For institutional stakeholders, these developments suggest an accelerating mainstreaming of crypto assets, with regulatory clarity and new financial products unlocking new opportunities for portfolio diversification and treasury management.I really enjoyed this conversation with Noelle and I hope you do as well.You can connect with Noelle on X/Twitter and Linkedin. Have a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today Aaron talks to Emin Gün Sirer — CEO of Ava Labs, a former computer science professor at Cornell University and the mastermind behind the Avalanche blockchain. We discuss how Avalanche's deployment of subnets offers an alternative to the ongoing modular versus monolithic debate, recent successes on the gaming and tokenization fronts, and the Avalanche community’s strategic focus on emerging markets — evidenced by its recent summit in Buenos Aires. We also talk about Gün’s front-row seat involvement in crypto dating back to the early days of bitcoin, the 2016 DAO hack and now deploying his own alternative Layer 1 chain. Highlights from this conversation: * Of Turkish background, Gün articulates expertly the value proposition that crypto and blockchain systems offer for emerging market economies that struggle with inflation* Avalanche's customizable blockchain framework allows enterprises to create purpose-built chains for specific use cases, from gaming to financial services* This subnet architecture enables chains to adapt to different jurisdictional requirements, making it suitable for both regulated institutions and innovative startups alike* Breakthroughs in Gaming: Off The Grid, a battle royale game on Avalanche, has attracted over 7 million users and demonstrated successful blockchain integration while delivering great user experience* Avalanche 9000: The new protocol upgrade reduces entry barriers for validators, allowing chains to start with minimal stake and use their own tokens for staking* Enterprise Partnerships: Avalanche has seen notable progress in bringing traditional assets on-chain using Avalanche subnets, including BlackRock funds and California DMV vehicle titles. The team has also forged major partnerships with JPMorgan, Franklin Templeton and other financial institutions🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.This conversation highlights Avalanche's positioning as a serious contender as a Layer 1 blockchain space, particularly in emerging markets where its scalable, customizable architecture addresses both technical and regulatory requirements. For enterprises, games or degen activity, Avalanche's subnet model offers a flexible framework that can accommodate various use cases while maintaining regulatory compliance.I really enjoyed this conversation with Gün and I hope you do as well. You can follow him on X/Twitter and Linkedin. Have a great day everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today’s interview is with another legal expert exploring new developments on the regulatory front in Brazil. Tatiana Guazzelli is a partner at Pinheiro Neto Advogados, which is one of Brazil’s largest and most prominent law firms and represents some of the top crypto companies operating in the country. Tatiana provides important perspective on the many simultaneous movements happening with regard to crypto regulation in the country.These developments include:* The Central Bank’s proposed VASP licensing structure, which includes a three-tiered licensing system for crypto service providers: intermediaries, custodians, and brokers* Asset segregation legislation advancing through Congress that would enable the Central Bank to require exchanges to separate customer assets as part of its licensing regime* The Receita Federal is overhauling its tax reporting requirements for crypto assets* The CVM is expected to issue a public consultation regarding rules for tokenized securities offerings* The Central Bank will a separate public consultation in 2025 focused on stablecoin regulation🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇These regulatory movements are a positive sign that Brazil is committed to balancing innovation with consumer protection. Key implementation challenges remain, however, such as enforcement of asset segregation rules, transition periods (and criteria) for grandfathering existing operators into the Central Bank’s licensing regime, and coordination among different regulatory bodies. Tatiana reckons that the Central Bank will release its VASP licensing framework by mid-2025, with a 2-3 year processing period for granting licenses.For companies looking to enter the Brazilian market, early positioning and engagement with the regulatory process could be advantageous.I found this conversation with Tatiana to be super insightful and I hope you do as well. You can connect with her on Linkedin.Have a great day everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackBrazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.Recent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!You’ve probably seen the news by now that the Central Bank of Brazil released its proposed licensing structure and regulations for digital asset companies operating in the country. Attorney Nicky Dyskant joins the show to discuss these developments, as well as new legislation on asset segregation and stablecoins that is now working its way through the Brazilian Congress. Additionally, the CVM (Brazilian SEC) and Receita Federal (tax authority) are also in the process of issuing their own public consultations related to crypto rules. This conversation with Nicky is a great primer on the incoming Brazilian regulatory framework — which is expected to be finalized and implemented by mid-2025.The proposed framework appears to strike a balance between embracing international standards while maintaining an innovative posture. While some smaller market participants have expressed concerns about compliance costs and burdens, the risk-based approach should hopefully allow for proportional implementation based on operational scale and complexity. 👀 BCR will have more expert interviews focusing on the regulatory space in the coming days so stay tuned. 🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇You can connect with Nicky on LinkedinHave a great day everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackBrazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.Recent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today I’m joined by Samson Mow — an OG bitcoiner who has held executive roles at BTCC and Blockstream and now is working with governments around the world to promote bitcoin adoption. Samson, now CEO of Jan3, argues that bitcoin’s time is now and explains why nation states will soon be forced to embrace bitcoin whether they want to or not. Talk like this sounded crazy a couple of years ago, but with bitcoin surpassing silver as the 8th most valuable asset in the world it’s becoming much easier to see the end game. Key takeaways from this episode:* Strategic Bitcoin Reserve Implementation* The creation of a national bitcoin reserve became an issue on the US campaign trail* Proposed reserves could range from 250,000 to 1 million bitcoins* First-mover advantage is crucial, as demonstrated by ETF adoption patterns across different countries* Nation-State Adoption Frameworks* Samson sees three primary paths for nation state bitcoin adoption:* Legal tender implementation* Mining operations utilizing excess energy* Treasury/balance sheet allocation* Economic Development Opportunities* Bitcoin mining presents a solution for monetizing stranded energy resources* Geothermal and hydroelectric power can be efficiently converted to monetary value* Developing nations with abundant natural resources could leverage bitcoin to build wealth* Global Financial Independence* Bitcoin offers an alternative to traditional international lending institutions* Nations can reduce dependency on IMF and World Bank funding* Provides a path toward greater fiscal sovereignty* Current Market Dynamics* Bitcoin remains undervalued relative to macroeconomic conditions* Institutional adoption continues to grow through ETFs and corporate treasury allocation* Limited supply creates competitive dynamics among nations and institutions🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byLIT Collective is the ultimate creative and design studio for Web3 companies.Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.Check out their website, follow them on X/Twitter and Instagram, and book a free consultation to learn about how LIT Collective can help you with your creative needs.Samson argues that adoption of bitcoin at the nation-state level is inevitable, with countries increasingly recognizing its potential as a strategic asset. Early adopters like El Salvador have demonstrated positive outcomes, including GDP growth and increased tourism. As more nations understand the realities of bitcoin, the competition for limited supply will accelerate adoption timelines.You can connect with Samson on X/TwitterHave a great day everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!For today’s episode Hashdex Chief Investment Officer Samir Kerbage shares his analysis of how the upcoming U.S. presidential election could impact global crypto markets and regulation.Key takeaways:* Markets appear positioned for a positive 12-18 month period regardless of election results, driven by improving liquidity conditions and Bitcoin's halving cycle* Congressional composition may matter more than the US presidential outcome, as three critical areas require legislative action: stablecoin regulation, market infrastructure rules clarifying SEC/CFTC jurisdiction, and guidance for financial institutions* Prediction markets are emerging as a significant force in election forecasting, with platforms like Polymarket demonstrating resilience to manipulation through financial incentivesKerbage emphasized that while presidential candidates' crypto stances generate headlines and that markets would respond positively to a Trump victory, meaningful policy changes require Congressional action. He noted that even under a crypto-friendly administration, implementation of campaign promises would likely take significant time, particularly regarding regulatory reforms.🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! The Hashdex CIO expressed optimism about crypto markets over the next 12-18 months, citing macro factors like improving liquidity conditions alongside crypto-specific catalysts such as Bitcoin's halving cycle. However, he cautioned that a contested election outcome could introduce significant market volatility, as uncertainty typically dampens risk appetite.On institutional adoption, Kerbage drew parallels between the recent Bitcoin ETF approval and potential future regulatory developments: "Just like all the big institutions waited for the SEC to approve a Bitcoin spot ETF to start investing, they will wait until the U.S. gives regulatory clarity on smart contract platforms, DAOs, and stablecoins to get involved."In discussing prediction markets, Kerbage highlighted their emerging role as one of crypto's first true "killer apps" beyond stablecoins. He noted how these platforms differ from traditional polling by requiring participants to have financial skin in the game, potentially offering more reliable signals of electoral trends.Looking at Brazil's crypto landscape, Kerbage noted that positive U.S. regulatory developments could accelerate the country's already progressive stance on digital assets, potentially encouraging greater institutional participation in areas like tokenization and central bank digital currency initiatives.You can connect with Samir on X/Twitter and LinkedinHave a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today’s episode is a fascinating interview with Saul Hudson, a former Reuters executive turned crypto communications specialist, who shares his unique journey from international journalism to Web3 advocacy.We also discuss what it’s like to have the same name as the lead guitarist for Guns ‘n Roses 🤘Key takeaways from this episode:* Hudson's career trajectory began unexpectedly when he walked into a Venezuelan English-language newspaper office, leading to positions with Bloomberg and eventually becoming Reuters' general manager for the Americas* His experience covering financial crises in Latin America naturally led to an interest in cryptocurrency as an alternative solution to traditional banking challenges* After leaving Reuters, Hudson co-founded Angle42, a PR agency specializing in Web3 communications, which he has led for seven yearsEvolution of Crypto Media:Hudson provides valuable insights into how crypto media has matured, noting the progression from minimal coverage to today's sophisticated ecosystem. He highlights how early crypto journalists like Ian Allison evolved from mainstream outlets to become award-winning specialists breaking major stories like the FTX collapse.Latin America's Growing Importance:The discussion emphasizes Latin America's increasing relevance in the global crypto landscape, particularly noting:* Brazil's dynamic digital asset environment and productive collaboration between institutions and regulators* El Salvador's bitcoin adoption raising international attention* Natural use cases in countries like Venezuela and Argentina due to historical financial challenges🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! PR Strategy Insights:Hudson shares key advice for both regional and international companies:For Latin American companies seeking global exposure:* Align communications goals with clear business objectives* Demonstrate local success and growth before international expansion* Leverage unique regional use cases and community engagementFor international companies entering Latin America:* Recognize regional nuances and avoid treating Latin America as monolithic* Build local communities in each target market* Utilize crypto's community-based approach for market entryThe conversation underscores the importance of third-party validation through legitimate media coverage versus paid promotion, particularly in the crypto space where credibility is crucial.Hudson's unique perspective combines traditional media expertise with crypto industry experience, and he provides valuable insights for companies navigating the evolving landscape of crypto communications and market expansion in Latin America.You can connect with Saul on Linkedin and via emailHave a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!For this week’s episode I speak with Juliana Felipe, Chief Revenue Officer at Transfero, to discuss the company's journey from a bootstrapped startup to a leading blockchain payment infrastructure provider in Brazil.Transfero, founded in 2015, has established itself as a pioneer in the Brazilian crypto space, offering a suite of services including banking-as-a-service, on/off-ramps, and stablecoins like BRZ (Brazilian Real) and ARZ (Argentine Peso). With nearly a decade of experience, Transfero is now setting its sights on global expansion and seeking its first round of investment to accelerate growth.Key takeaways from this conversation: * Transfero has successfully bootstrapped its operations for almost 10 years, demonstrating impressive resilience in the volatile crypto market.* The company is pivoting from a retail-focused approach to a B2B model, offering white-label solutions for crypto-as-a-service and credit cards.* Transfero is actively pursuing regulatory compliance across multiple jurisdictions, aiming to become a truly global player in blockchain-based financial services.* The company is preparing for its first investment round to fuel international expansion and product development.🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! Juliana shared insights on Transfero's strategy for navigating the evolving regulatory landscape in Brazil and beyond. As the country prepares to implement new crypto regulations, Transfero is well-positioned with its existing payments institution license and compliance infrastructure.The discussion also touched on the potential impact of CBDCs like Brazil's upcoming Drex. Juliana believes that stablecoins and CBDCs will coexist, each serving different purposes in the financial ecosystem.Looking ahead, Transfero aims to become a global leader in facilitating cross-border payments and providing blockchain infrastructure for financial institutions. The company is targeting expansion into 15 new countries, with a focus on Africa, Europe, and the United States.I enjoyed this conversation with Juliana and I hope you do as well. You can connect with Juliana on LinkedinHave a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | SubstackRecent Episodes Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!This week’s interview is with Gladstone Arantes, Blockchain Specialist at BNDES (Brazil’s national development bank). We discuss the groundbreaking Brazil Blockchain Network (RBB in Portuguese) project, which is a public-permissioned blockchain aimed at enhancing transparency and trust in government operations.Key Highlights:* RBB is a public permissioned blockchain that allows public read access while restricting transaction validation to authorized entities* The project aims to address the global issue of declining trust in institutions, particularly acute in Brazil* Diverse stakeholders include BNDES, Federal Court of Accounts (TCU), several state-level entities, and research institutes* RBB is built on Hyperledger Besu, the same technology as the Drex CBDC project being developed by the Brazilian Central Bank. This means there will likely be future interoperability between the two networks. 🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! Potential public sector use cases and applications of RBB include: * Tracking public funds* Verifying educational diplomas* Managing organ transplant waitlistsKey Takeaways:* Trust Through Transparency: RBB seeks to rebuild trust in government operations through operational transparency and "compliance by design" via smart contracts.* Decentralized Governance: The network's diverse participants enhance its decentralization and trustworthiness.* Balancing Act: RBB aims to balance the need for transparency with regulatory compliance and data protection.* Scalable Solution: While focused on Brazil's needs, the project could potentially offer solutions to trust issues faced by developed nations.* Gradual Implementation: The team is taking a measured approach, prioritizing security and proper governance over rapid scaling.Challenges and Next Steps:* Expanding network participation* Enhancing security and availability* Addressing data protection concerns* Developing legal frameworks for broader participationThis project represents a significant step towards leveraging blockchain technology to enhance government transparency and efficiency. As the RBB continues to develop, it could serve as a model for similar initiatives worldwide.For more information, visit the RBB GitHub repository or connect with Gladstone on LinkedIn.Have a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!For this week’s episode I talk to Matthias Broner of Matter Labs (the team behind ZK Sync) and Mili Santamaria of the Crecimiento core team to discuss the Crecimiento movement, which aims to turn Argentina into a hub for crypto startups and talent. Key Themes:* Argentina has a perfect storm for crypto adoption: economic instability, tech-savvy population and workforce, and a government that is open to transformative solutions* The Aleph Pop-Up City: A month-long event bringing together 2,500 builders, startups, regulators, and investors during the month of August. After this episode was recorded, it was announced that the Aleph City will be happening again in Buenos Aires in December* Regulatory efforts to create a favorable environment for crypto and tech startups, such as the creation of Special Economic Zones and regulatory sandboxes* The potential for Argentina to once again become a top global economy through the Crecimiento movement🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! Matthias highlighted the real-world impact of projects being developed in Argentina, such as QuarkID on ZKsync for digital identity and Lemon's efforts to onboard millions of users to crypto. These initiatives demonstrate the potential for blockchain technology to solve pressing economic and social issues in the country.Mili discussed the regulatory reform efforts that she has been leading, including work on a regulatory sandbox and a push to create a Special Economic Zone for crypto and tech. These initiatives aim to provide operating clarity and stability for businesses operating in the space, addressing key concerns such as taxation, labor laws, and access to funding.Both guests expressed optimism about Argentina's potential to become a global leader in crypto innovation. While acknowledging the ambitious nature of the movement, they stressed the importance of fostering an environment that encourages local talent to build and stay in Argentina, rather than relocating to other countries.As the Crecimiento movement gains momentum, it presents an exciting opportunity for the crypto community ggobally to engage with and support Argentina. By fostering innovation, addressing regulatory challenges, and leveraging the country's existing crypto adoption, Argentina could potentially transform its economy and become a leading force in the global crypto landscape.You can connect with Mattias on X/Twitter and Linkedin, and Mili on Linkedin. Also, if you want to learn more about Crecimiento, have a listen to this conversation I had with Diego Fernandez, Secretary of Digital Innovation for the city of Buenos Aires, back in July. Have a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today’s episode is a special crossover with Pedro Solimano, who is a reporter covering bitcoin at The Defiant and host of the Beyond the Beat podcast — which explores trends in crypto media. We do a deep look into the world of crypto journalism and explore the challenges and opportunities in covering digital assets across Latin America and beyond.Pedro discusses the state of crypto in his home country of Chile and provides unique insights into the evolving landscape of crypto media. We discuss the importance of niche reporting, the challenges of building personal brands in the industry, and the underreported potential of Latin American markets.Pedro has a rich background covering bitcoin and crypto for Decrypt, Bitcoin Magazine and other outlets. He also has his own Spanish-language newsletter called La Cadena that covers crypto and finance in the region.Key themes from this conversation: * The state of crypto media in Latin America and globally* Challenges and opportunities for independent content creators in crypto* The importance of niche reporting and personal branding* Underreported crypto adoption and innovation in Latin America* The future of crypto journalism and potential new formats 🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! I really enjoyed this conversation with Pedro. He’s an enterprising journalist and content creator, and I was inspired by his passion to draw more awareness to crypto use cases in Latin America. You can connect with Pedro on X/Twitter and LinkedinHave a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!For today’s episode I talk to Guillermo Goncalves and Alessandro Cecere, CEO and CMO of El Dorado, to explore crypto adoption in Venezuela and their stablecoin-powered super app.El Dorado is a peer-to-peer marketplace for stablecoins focusing on remittances and cross-border payments in the Latin American market. Since launching in 2021, more than 250,000 users from Argentina, Brazil, Colombia, Panama, Peru and Venezuela have executed 2.3 million USDT transactions on Tron using El Dorado. Further, the platform now has integrations with 70 payments apps across the regionThe team raised US$3 million in a seed round from Multicoin Capital, Coinbase Ventures and others earlier this year .To understand why a solution like El Dorado is necessary, Goncalves and Cecere explain what it was like living in Venezuela during the economic crisis of the 2010s. They share their firsthand experiences navigating this turbulent financial landscape and how they were basically forced to explore alternatives like bitcoin during those years. From early at-home bitcoin mining ventures to arbitrage opportunities on peer-to-peer marketplaces, their journey provides valuable insights into how cryptocurrencies have become a lifeline for many Venezuelans.🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! We then dive deep into El Dorado, which is designed to facilitate remittances and cross-border payments for the Venezuelan diaspora and other Latin American users. The platform's success lies in its ability to leverage stablecoin liquidity to bridge the gap between various payment methods across the region.One of the most intriguing aspects of the discussion is the dominance of USDT on the Tron blockchain in emerging markets. They explain why this particular stablecoin has gained such traction, outpacing its competitor USDC in many Latin American countries.We also touch on the potential of Brazil's PIX system and how it's influencing real-time payment solutions across Latin America. We also look at the team’s ambitious roadmap for El Dorado, including plans for yield-bearing stablecoin accounts, which could revolutionize how people in the region save and invest.Other Takeaways and Key Points: * Venezuela's hyperinflation led to rapid crypto adoption during the 2010s, with some citizens holding up to 99% of their assets in stablecoins and other cryptos* Peer-to-peer marketplaces like LocalBitcoins played a crucial role in early crypto adoption in Venezuela, but have since been shut down — leaving a void in the market* USDT on Tron has become the dominant stablecoin in Latin America due to low fees and network effects* El Dorado's success demonstrates the high demand for crypto-based remittance and cross-border payment solutions in Latin AmericaThis was a great interview detailing how stablecoins are being used to solve a set of acute real world problems in the region. I really enjoyed this conversation and I hope you do as well. You can connect with Guillermo and Alessandro on Linkedin. Have a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!For today’s episode I had the opportunity to chat with Theodoro Fleury, Chief Investment Officer at QR Asset, to discuss their groundbreaking Solana spot ETF—the world's first of its kind. The Solana product launched on August 29, 2024, and raised R$15 million (US$3 million) on Day 1. The fund’s SOL holdings have grown 25% since launch day. Our conversation offers insights into Brazil’s capital markets, the evolving landscape of crypto investment vehicles, and Brazil's role as a leader when it comes to creating a favorable environment for these types of products. Key Takeaways:* QR Asset launched the first bitcoin ETF outside of Canada in 2021 on Brazil’s B3 Exchange, followed by Ethereum and DeFi ETFs* Crypto ETFs have become among the most traded on Brazil's B3 exchange* Brazil's CVM (Securities and Exchange Commission) has long shown a progressive stance towards crypto products and approved the Solana ETF in early August 2024.* Brazil's move to approve a Solana ETF likely foreshadows similar developments in other markets such as the US. From launching their first crypto funds in early 2020 to becoming a major player in Brazil's ETF market, QR Asset has been one of the earliest movers globally operating these types of crypto products. The introduction of the Solana ETF marks a significant milestone. Fleury explains the rationale behind choosing Solana, citing its strong developer community, growing TVL, and position as the largest non-stablecoin asset after bitcoin and ethereum.🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Request a custom demo of the platform today! Perhaps most intriguing is the potential global impact of this development. As Fleury notes:"If, as it was in the past, it is a sign of what could happen in the U.S. or in more developed markets, I think it's a good sign because people here are really trying to make it look serious."For professional investors and stakeholders, this episode underscores the importance of keeping an eye on emerging markets like Brazil. The country's regulatory environment and market dynamics are creating opportunities that may not yet exist in more established financial centers.You can connect with Theodoro on LinkedinHave a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today I’m joined by Aron van Ammers, CTO of Outlier Ventures — which is one of the longest running Web3-focused venture capital firms. We talk about Outlier’s new Latin America Base Camp accelerator, which seeks to help founders and teams from the region take their projects to the next level. Founded in 2014 by van Ammers and Jamie Burke, Outlier Ventures has operated more than 20 Base Camp accelerators focusing on themes like DeFi, NFTs, Metaverse, Gaming and more. Now, it is spinning up a cohort specifically focused on the Latin America region. The Base Camp Program: Intensive and ComprehensiveThe Base Camp accelerator is a 12-13 week intensive, fully remote program designed to transform promising startups into investment-ready businesses. Key features include:* Mentor-focused initial two weeks with rigorous pitching sessions* Comprehensive support from expert teams in legal, marketing, finance, token economics, product engineering, and community building* Structured weekly goals and overall program objectives* Culmination in a virtual demo day to showcase polished pitches to relevant investors🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Learn more and try it free at Kaleido.ioWhy Latin America?van Ammers explains Outlier’s decision to focus on Latin America stems from recognizing the region's unique characteristics:* A young, tech-savvy demographic* High inflation rates in some countries, creating a need for alternative financial solutions* Gaps in traditional banking access, opening opportunities for innovative fintech solutions* A growing pool of talented engineers and entrepreneurs with fresh perspectives on Web3 applicationsFour Key Sectors in FocusThe accelerator concentrates on four main areas, each with specific relevance to the Latin American context:* Fintech: Addressing local payment systems, remittances, and innovative savings and lending protocols* E-commerce: Leveraging blockchain for more efficient and transparent online marketplaces* Gaming: Tapping into the growing mobile gaming market with Web3 elements like true digital asset ownership* Infrastructure: Building the foundational layers for Web3 adoption in the regionThe Ideal CandidateBase Camp typically looks for startups with:* Teams of 2-3 co-founders, balancing technical and commercial expertise* Some level of product implementation and in-house engineering capability* An ambitious vision and passion for their project* Openness to feedback and willingness to iterate rapidlyPartnership with Morgan Creek DigitalThis Latin America Base Camp comes in collaboration with Morgan Creek Digital, which is led by world-renowned investor Mark Yusko, bringing additional firepower to the program:* Provides access to qualified deal flow in Latin America* Potential deployment of up to $1 million per cohort* Offers startups exposure to seasoned investors with a global perspectiveThis accelerator program represents a significant opportunity for Web3 startups in Latin America to access world-class mentorship, funding, and global connections. It also underscores the growing importance of the region in the global blockchain ecosystem.Interested founders can apply through the Outlier Ventures website, where they can also find a detailed 30-page thesis on the Latin America program. I really enjoyed this conversation with Aron and I hope you do as well. You can connect with him on Linkedin. Have a great weekend everyone!-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today’s interview is with Rudá Pellini, co-founder of Brazilian-born bitcoin mining company Arthur Inc. We dive into Arthur's expanding operations in the US, the evolution of the bitcoin mining business model and the challenges that would-be bitcoin miners face in Brazil. We also talk about Rudá’s journey from the Brazilian Army to bitcoin entrepreneur.Key themes from this conversation include:* The transformation of Bitcoin mining from a niche investment to a diversified business model* The importance of energy management and grid balancing in mining operations* Arthur’s new 15 megawatt mining facility in Oklahoma* The state of mining in Brazil and other Latin American countries🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Learn more and try it free at Kaleido.ioPellini traces Arthur's journey from its beginnings in 2017 to its current status as a significant player in the US mining scene. In total, the company now operates facilities in Ohio, Wyoming, and Oklahoma, with plans to reach 50 megawatts of capacity in the coming months.A key focus of the discussion is the changing nature of mining operations. Pelini emphasizes how miners are increasingly partnering with energy providers, participating in demand response programs, and exploring new revenue streams such as hosting services and AI computing.We also touch on the state of the Brazilian market, where despite abundant and increasingly affordable energy, high import taxes on mining equipment remain a significant barrier. Pellini describes how Arthur is working to overcome these challenges, including exploring local assembly of ASICs to reduce costs.Pellini also talks about the broader Latin American context, noting recent developments in Paraguay and potential opportunities in countries like Argentina and El Salvador.I really enjoyed this conversation with Rudá and I hope you do as well. You can connect with him on LinkedinHave a great weekend everyone! -AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today we have a can’t miss episode with Luca Prosperi and João Reginatto of M^0 Labs to explore how M^0 plans to shake up the the monetary vertical stack and democratizing access to money issuance infrastructure.Luca and João, drawing from their extensive experience at in the Dai and USDC ecosystems respectively, provide invaluable insights into the limitations of current stablecoin models and the need for a more democratic, transparent, and resilient monetary system.Some key takeaways:* Notably, M^0 aims to create a many-to-many model for money issuance, moving away from the current one-to-many paradigm dominated by a handful of centralized stablecoin issuers.* The project introduces a unique two-token governance model designed to encourage active participation and avoid the pitfalls seen in other crypto governance systems.* M^0's approach challenges the traditional role of commercial banks as financial intermediaries.🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support us you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Learn more and try it free at Kaleido.ioWe also discuss how M^0's approach could particularly benefit emerging markets, providing citizens with easier access to stable, dollar-denominated assets. This has profound implications for countries grappling with currency devaluation and limited access to global financial markets.This was a great conversation with two stablecoin legends with very strong connections to Brazil who are building an exciting new project that fundamentally rethinks how money is issued and distributed. You can connect with Luca and João on Linkedin.Have a great weekend everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today I talk to Rita Martins, who is the author of a new book about blockchain and Web3 written from the lens of a financial services practitioner. Rita brings a unique perspective, shaped by her background in both consulting and banking, on how these technologies will impact traditional finance. Key themes of our conversation:* The evolution of blockchain in finance: From early experiments in 2014-2015 to today's focus on asset tokenization and stablecoins* The convergence of DeFi and TradFi: How both worlds are adapting and learning from each other* The potential of blockchain to transform financial infrastructure, particularly in emerging markets* The role of regulation in driving blockchain adoption in traditional financeNotably, Rita highlights the Central Bank of Brazil’s DREX project as a prototype for how tradfi and Web3 will eventually overlap and intertwine. She highlights several of the use cases explored during the bank’s 2022 LIFT Challenge (basically a sandbox for CBDC applications) as a harbinger for what’s likely to come as these types of projects continue developing globally. 🙌 🇧🇷Brazil Crypto Report is a free publication devoted to covering the Brazil and Latam crypto ecosystem; if you wish to support my work you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Learn more and try it free at Kaleido.ioSome other noteworthy observations from this discussion:* The DeFi space is not just populated by "crypto natives" but also by experienced professionals from traditional finance backgrounds* The ideals of decentralization face practical challenges in implementation, as seen in the governance of some DAOs* The coexistence and potential competition between stablecoins and CBDCs remains an open question* Regulatory clarity is crucial but not the only factor in blockchain adoption - technical and interoperability challenges also need to be addressedFor those interested in exploring these topics more from the vantage point of a financial services practitioner, Rita's book offers a comprehensive look at the current state and future potential of blockchain in finance. It serves as an excellent primer for professionals in traditional finance looking to better understand this new world. You can connect with Rita on LinkedinHave a great weekend everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!Today I talk to Diego Fernandez, who is Secretary of Innovation and Digital Transformation for the City of Buenos Aires. We discuss Crecimiento, which is an initiative to seize upon Argentina’s unique political moment by mobilizing talent and bringing actionable crypto solutions to the country’s economy and financial system.Argentina has a high crypto adoption rate (12-15% of the population uses crypto weekly), a concentration of top blockchain talent, and well-documented economic challenges. Because of these factors, the Crecimiento community believes that Argentina has all the necessary ingredients right now to become a crypto nation and innovation hub.The movement will ramp up in August with the Aleph Pop Up City in Buenos Aires from August 5 - September 1. * This is a startup city initiative modeled after a similar experiment led by Vitalik Buterin in Montenegro last year.* The city will convene 400-1000 founders and startup teams, builders, mentors, investors, experts and government officials to brainstorm and hack solutions for the Argentine economy* Crecimiento itself extends well beyond the Pop Up City. It is a multi-year initiative devoted to convening and funding talented builders and deploying actionable solutionsYou can find more more information about the initiative and how to participate at the Aleph Crecimiento website, on X/Twitter and in the Crecimiento Telegram group. You can also connect with Diego directly on Linkedin. Have a great weekend everyone,-AWS🙌 🇧🇷Brazil Crypto Report is a free publication devoted to covering the Brazil and Latam crypto ecosystem; if you wish to support my work you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Learn more and try it free at Kaleido.ioConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!For today’s episode I’m joined by Daniela Barbosa, Executive Director at the Hyperledger Foundation and General Manager for blockchain and identity at the Linux Foundation. Daniela shares her insights on the evolution of enterprise blockchain adoption — with a special focus on developments in Brazil. More specifically, she describes how many large enterprises and companies are now building blockchain applications on platforms like Hyperledger Fabric and Besu.Daniela also shares about her experience at the Febraban Tech conference in São Paulo last week. 🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support my work you can do so by hitting the button below👇Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Learn more and try it free at Kaleido.ioKey Takeaways:* Hyperledger has been at the forefront of enterprise blockchain adoption since 2015, evolving to meet changing market needs* The Central Bank of Brazil is using Hyperledger Besu for its Drex project, showcasing the platform's utility as a base layer for central bank digital currencies* The new LF Decentralized Trust initiative will bring together various blockchain and blockchain-adjacent projects under one umbrella* Privacy challenges in the Drex project highlight the need for customizable, jurisdiction-specific solutions in blockchain implementations* Latin America, particularly Brazil, is seeing significant growth in blockchain adoption across various sectors, from finance to supply chain managementThis episode offers a compelling look at the state of enterprise blockchain adoption in 2024, with valuable insights for anyone interested in the intersection of blockchain technology and traditional business applications.You can connect directly with Daniela on Linkedin. Have a great weekend everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | YouTubeOlá pessoal!If you’ve spent any time in Brazil recently, you’ve undoubtedly been bombarded by online sports betting ads every time you leave your home, watch television or surf the internet. You’re not the only one. Brazil today has the highest number of gambling websites accessed globally, nearly double that of the second-place UK. Nearly every major football team in Brazil has an online casino or sportsbook as a sponsor. Today’s episode takes a look at how Brazil has become the hottest online gambling market in the world over the last couple years, what will change when a new licensing regime goes live in 2025, and the overlap with the world of cryptocurrencies. To break it all down, we’re joined by two experts who give us both the local insider perspective as well as a global point of view. * Udo Seckelmann is Head of Gambling and Crypto at Bichara e Motta Advogados, which is a top tier law firm in Rio de Janeiro.* James Kilsby is Chief Analyst & VP of Americas at Vixio Regulatory Intelligence. Vixio is one of the leading business intelligence and research firms focusing on the global gambling industry. Brazil Crypto Report is presented byKaleido is the most trusted digital assets and blockchain company by enterprises. Their product suite is the ultimate business blockchain cloud and is rated #1 for tokenization and #1 for blockchain-as-a-service. Kaleido is powered by open source, supports multiple protocols, connects to permissioned and public chains, and lets you utilize any smart contract. Tokenizing assets in a scalable and interoperable way has never been easier.Built by veterans of IBM Blockchain and Consensys, the Kaleido platform combines turnkey functionality with enterprise-grade security and scalability to power your application — whether it be in banking and financial services, supply chain, media, government & public sector, or central bank digital currencies.Key takeaways from this episode:* Brazil legalized sports betting in 2018, but the industry has operated in a gray area without formal regulation until now.* New regulations will take effect on January 1, 2025, transforming the market from unregulated to licensed and regulated.* Cryptocurrency, particularly USDT, has played a significant role in facilitating transactions for offshore operators.* The new regulatory framework will prohibit direct use of crypto for deposits and withdrawals between operators and players.* However, operators may still be able to use crypto for back-end operations and fund transfers outside of Brazil.The episode provides a comprehensive look of how Brazil arrived at this pivotal moment. A combination of factors, including the 2018 legalization, the introduction of PIX instant payments, increased advertising freedom and Covid lockdowns helped create the current online gambling boom. Now, as the country prepares to implement a formal licensing regime, operators are scrambling to establish local entities and comply with new regulations.Looking ahead, our experts highlight several key points to watch:* The effectiveness of regulators in enforcing rules against unlicensed operators* How licensed operators will compete with potentially more attractive offshore options* The potential for crypto to become even more important in the unlicensed offshore segment* The challenge of balancing taxation and fees with the need to offer competitive productsI appreciated the opportunity to hear direclty from Udo and James about what’s at stake here. Definitely worth a listen whether you’ve been tracking the online gambling space for a while now or just starting to pay attention. You can connect directly with both James and Udo on Linkedin.Have a great weekend everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!Today I’m joined by Skale founder Jack O’Holleran and chief marketing and growth officer Andrew Saunders. We take a look at one of the more innovative and fast-growing blockchain platforms you may not have heard of yet. We discuss Skale’s unique approach to blockchain scaling, how this facilitates the gaming use case and why they're particularly excited about the Brazilian market.Skale has developed a novel modular blockchain architecture that stands out in the increasingly crowded field of Layer 1 and Layer 2 solutions. Their platform enables:* Zero gas fees for end users* High throughput for applications with millions of users* Easy deployment options for developersThe results speak for themselves - Skale has seen impressive growth in active wallets and onchain transactions in recent months.Jack explains how Skale's technology differs fundamentally from other blockchain scaling approaches. Rather than following the typical paths of building faster Layer 1 chains or implementing rollups, Skale created a modular system that allows for horizontal scaling through app-specific chains. This architecture provides the benefits of appchains while maintaining strong security through connections to Ethereum.One of the most exciting developments on Skale has been the rapid growth of blockchain gaming. Andrew, drawing on his previous experience marketing for companies like Amazon and Arbitrum, shares insights on why gaming is emerging as a killer use case:* Skale's zero-fee structure removes a major barrier for players* High performance enables smooth gameplay even for graphics-intensive games* Several Skale-based games are already available on major platforms like the Epic Games StoreThe team is particularly bullish on Brazil and Latin America as key markets for expansion. Andrew, who has extensive experience working in Brazil, discusses why the region is so promising for blockchain adoption:* Mobile-first nature of the market aligns well with Scale's strengths* Tech-savvy population eager to explore new technologies* Potential for blockchain games to provide both entertainment and economic opportunitiesLooking ahead, Skale has some major developments in the pipeline, including a significant platform upgrade coming soon and partnerships with major players in the gaming industry. The team is also exploring integrations with zero-knowledge proofs to further enhance security and scalability.For developers interested in building on Skale, Jack outlines the flexible options available - from joining existing app-specific chains to easily deploying entirely new chains as projects grow.This episode provides a fascinating look at a project that's taking a genuinely different approach to solving blockchain's scalability challenges.I really enjoyed this conversation with both of them and I hope you do as well. You can connect with Jack and Andrew on Linkedin and X/TwitterHave a great weekend everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!For today’s episode I talk to a pair of crypto journalists — Ricardo Bomfim of Valor Economico and Claudia Mancini of BlockNews — about delays impacting two highly-anticipated projects being developed by the Central Bank of Brazil.Both Drex and a regulatory framework for crypto brokerages and VASPs were originally expected to be unveiled in 2024. However, these have been pushed to next year due to technical roadblocks and staffing issues at the bank. Key themes discussed in this episode include:Drex’s Privacy Hurdle* The Central Bank has paused the CBDC pilot project after hitting a major privacy barrier* The core challenge is scaling the underlying Hyperledger Besu blockchain tech while complying with Brazil's bank secrecy laws* Several promising privacy solutions will be explored during the second phase of the pilot, which will also focus on incubating new use casesRegulatory Delays but Positive Engagement* A framework for crypto brokerages initially expected in the second half of 2024 has been pushed to Q1 2025* However, the Central Bank has continued to take an engaged approach, actively soliciting private sector feedback* Despite the delays, the market response has been positive given the open dialogueLeadership Change Ahead* Central Bank president Roberto Campos Neto, a key driver of Drex and the bank's crypto-friendly stance, will see his term expire in Dec 2024* His potential successor has made some skeptical comments about Drex, raising concerns of backtracking* However, Claudia and Ricardo argue these innovation projects have roots far deeper than just the BC’s leadershipI enjoyed the opportunity to discuss these topics with two of the country's top journalists, and I hope you the conversation! You can connect with Claudia and Ricardo on Linkedin.Have a great weekend everyone,-AWS💡Please hit the free subscribe button below if enjoy BCR! Note that I keep all 🇧🇷BCR content free so as to promote Brazil’s crypto ecosystem as widely as possible, but if you’re already subscribed and wish to support the platform, there’s an “upgrade to paid” option you can select. Always appreciated! 👇Connect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!Today’s episode is a panel discussion with crypto educator Rafael Castaneda and Leandro Pereira Sciammarella, who is digital assets lead at Nuclea and the author of the excellent Drex for Gringos series.Followers of BCR know that the Central Bank of Brazil is building an ambitious CBDC/smart contract project, known as Drex, that looks to dramatically reshape the country’s financial system. This conversation was recorded onsite at Web Summit Rio back in April. After our live panel concluded, we learned that the Drex team had hit an impasse in its attempt to find adequate privacy solution that is both scalable and compliant with Brazil’s data protection law. I wasn’t going to publish this episode because the content is slightly out of date. However, many of the insights that Leandro and Casta share are still relevant, and both of them do a great job articulating the potential of the Drex project and the challenges it faces. There also just isn’t that much content about Drex in English, so hopefully this episode can be a valuable contribution to that library.The key topics covered include:* Drex is intended to be hybrid central bank digital currency and smart contract platform that enables the tokenizen of assets like government bonds. It seeks to do this on a permissioned, Ethereum Virtual Machine-compatible blockchain built using Hyperledger Besu.* It combines aspects of both "retail" and "wholesale" CBDC models - allowing tokenized Brazilian real to be used by consumers and for institutional settlement.* Privacy and scalability remain major hurdles, with ongoing tests of potential solutions developed by Parfin and EY. Ensuring interoperability across systems is also a challenge (as it is everywhere else in Web3). * Drex projects to bring transparency and access benefits, but its impact on banks' business models is an open question.* While promising, Drex is still in its infancy. There is a long way to go before its proposed benefits can be realized. I enjoyed this conversation because both Leandro and Casta dive into the technological nitty-gritty while keeping an eye on the bigger picture implications for monetary policy, institutions, and national sovereignty.A key focus is the project's embrace of public blockchain infrastructure like Ethereum, which raises questions around regulation, privacy, and control. As Casta notes, crypto was designed to resist regulation - so grafting it onto a central bank digital currency is uncharted territory fraught with technical and political minefields to navigate.Leandro provides a ground-level view of the scalability and interoperability obstacles developers are grappling with. Despite these hurdles, he’s optimistic that rising privacy tech like zero-knowledge proofs can bridge permissioned and permissionless systems.You can connect with Leandro on Linkedin and Casta on X/Twitter. I enjoyed this conversation with both of them and I hope you do as well.Also big shout out to Transfero Group for hosting this panel on their stage at Web Summit Rio.Have a great weekend everyone,-AWS💡Quick public service announcement: I keep all 🇧🇷BCR content free and accessible to promote Brazil’s crypto ecosystem as widely as possible, but please hit the free subscribe button below if enjoy this content. If you’re already subscribed, there’s an “upgrade to paid” enabled if you wish to support this platform👇Connect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!This episode is a panel I moderated at Web Summit Rio with Transfero Group CEO Marylson Silva and Daniel Marquez — who is a partner at Koyamaki Ventures and based out of Colombia. This conversation provided a wholesale overview of crypto adoption in the region, told through the lens of an operator and an investor, respectively. 💡Quick public service announcement: I keep all 🇧🇷BCR content free and accessible to promote Brazil’s crypto ecosystem as widely as possible, but please hit the free subscribe button below if enjoy this content. If you’re already subscribed, there’s an “upgrade to paid” enabled if you wish to donate to support my work (greatly appreciated!)👇Key highlights of this conversation:* Crypto education has improved significantly in recent years, with people in Latin America now better understanding the difference between legitimate projects and fraudulent schemes.* Stablecoins, such as Transfero's BRZ and ARZ, are gaining traction for cross-border payments and remittances, with the potential to provide greater financial inclusion and lower fees compared to traditional banking systems.* Brazil is seen as a global use case for crypto applications, with its regulatory framework and large population making it an attractive market for entrepreneurs and investors.* The Central Bank of Brazil has taken a balanced approach to regulation, focusing on consumer privacy and allowing financial institutions to interface with users while providing the necessary infrastructure.Marylson highlighted Transfero's role in connecting the traditional financial system with the world of decentralized finance (DeFi), serving as an eventual bridge between Drex and DeFi protocols. He also emphasized the importance of financial education in driving adoption, particularly among retail users.Daniel pointed out that while there is an abundance of wallets and remittance solutions in the region, there is still room for innovation in areas such as DeFi and web3 applications. He also noted that Brazil's regulatory framework should serve as a model for other countries looking to follow a similar path. 🏆Big shout out to Transfero for letting us host this panel at their stand.I really enjoyed this conversation with Marlyson and Daniel and I hope you do as well. You can connect with both of them on Linkedin. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!For today’s episode I’m joined by Gurvais Grigg, who is chief technology officer for public sector at blockchain analytics firm Chainalysis. Gurvais and I were able to record on location at the B Hotel in Brasilia during his recent visit, where we discussed the always uncomfortable topic of cryptocurrencies being used for illicit purposes. It’s not something that folks in this industry like to talk about, but it’s a critical piece of the puzzle that needs to be constantly addressed Quite frankly, there are few people on the planet better positioned than Gurvais to talk about this. Prior to joining Chainalysis, he was Assistant Director at the FBI, where he focused on fighting financial crime and following the money trails of criminal enterprises (crypto, fiat and otherwise) for more than two decades. His experience at the highest levels of US law enforcement gives him a truly unique perspective on the public safety challenges and opportunities related to crypto going mainstream. In this conversation we discuss the state of crypto crime in 2024, as well how the nature of illicit use cases has broadened significantly since the early days, when crypto was used mainly for ransomware, money laundering and buying contraband online, etc.💡Quick public service announcement: I keep all 🇧🇷BCR content free and accessible so as to promote Brazil’s crypto ecosystem as widely as possible! However, I leave the “upgrade to paid” option enabled as a donation method for those who wish to support me financially (greatly appreciated!)👇 Some key takeaways from this conversation:* While most crypto activity is legitimate, criminals will always follow the money. The speed, anonymity, and global liquidity of crypto attracts bad actors, though transparency acts as a deterrent.* Nation-state actors like North Korea are running elaborate crypto hacking and theft programs netting billions, though law enforcement has been able to stay on their trial via use of blockchain analytics.* Stablecoins have overtaken bitcoin as the highest volume coins traded by illicit actors in recent years due to their liquidity and ease of use.* Chainalysis' partnership with Tether provides proactive monitoring and counterparty risk management capabilities to the largest stablecoin.* Why he’s excited about the crypto market development and regulatory conversations he’s seeing in Brazil right now* As real-world assets like property get tokenized, new criminal risks will emerge that demand continued innovation in analytics tools and regulatory frameworks.His analysis highlights how the growth of blockchain forensics tools has been a a double-edged sword: it has empowered law enforcement actors to find bad guys, but has prompted criminals to become more sophisticated in their schemes — resulting in an escalating cat-and-mouse game.Despite all of that, Gurvais is super bullish on crypto and blockchain technology and excited about the role it will play in the financial system of the future. What will be absolutely necessary, he argues, is the development of ultra-scalable analytics tools that multiply the force of individual investigators. As he states: "We've got to build tools and capabilities that allow law enforcement to do the work of a hundred or a thousand."I learned a lot in this conversation and I hope you do as well. You can connect with Gurvais on Linkedin. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal! In this episode I’m joined by two rock stars from the Brazilian crypto universe. Marcelo Sampaio is the CEO Hashdex, which is Brazil’s largest crypto asset manager and now has products listed in the United States and Europe. Bernardo Srur is the CEO of ABCripto, the trade group representing the industry in Brazil.This conversation was recorded in Portuguese at the Transfero stand at Web Summit Rio back in April. Core themes discussed include:* How Brazil has been several years ahead of the US with regard to treatment of bitcoin ETFs and other crypto exchange traded products* How Brazil’s crypto market is still nascent and continues to show promising growth, with roughly 3% of the population currently participating * Hashdex’s journey to getting a bitcoin ETF listed in the United States* Why new competition in the Brazil market, which will ultimately benefit consumers and investors* Questions of custody and private key management in the context of ETF productsI really enjoyed this conversation with Bernardo and Marcelo and I hope you do as well. I appreciate the chance to interview both of them onstage simultaneously, and to do so in my gringo Portuguese 🤣Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal! For this special episode I’m joined by Yat Siu, co-founder and executive chairman of Animoca Brands. Animoca Brands is a pioneering game software and venture capital company that has invested in over 450 projects and supported major brands like The Sandbox metaverse and Bored Ape NFTs. In this conversation — recorded onstage at Web Summit Rio — Yat provides a master class on how crypto-native concepts like digital ownership, NFTs and airdrops are transforming how brands across both Web2 and Web3 are marketing and consumer engagement.Yat articulates these concepts probably better than anyone else out there right now. Honestly, it’s hard not to be bullish on this stuff listening to him talk about it. Here are some key takeaways from the episode:* While 2021 was full of hype around NFTs, 2023 has seen the actual building and emergence of real Web3 applications and use cases. As an example, major brands like Starbucks, Nike and Adidas have experimented NFT loyalty programs.* In Web3, users become stakeholders and members by holding tokens/NFTs from brands. This allows companies to build direct relationships and true loyalty with customers, rather than renting attention through ads.* Over $21 billion has been paid directly to users via token airdrops in Web3, making it the most novel user acquisition tool of our time. * Successful Web3-driven brand campaigns need to give customers ownership and upside through airdrops and tokens, not just discounts. Starbucks missed this by treating their NFTs as just digital membership cards.* Web3 technologies allow provable ownership that lets brands accurately identify and market to their true customers.* Yat believes Web3 standards will inevitably take over, just as the open internet displaced legacy media and platforms. The value flows to users are too compelling to ignore.* Why memecoins will eventually come to be recognized as powerful brand engagement tools. * Yat’s advice for builders in the space, particularly those in Brazil and Latin America.I really enjoyed this conversation with Yan and I hope you do as well. You can connect with him on X/Twitter and LinkedinHave a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!We have a special BCR episode today with Yan Martins, who is one of the co-founders of Hathor Labs — which is responsible for the development of the Hathor Network.Recorded onsite at Web Summit Rio, Yan and I discuss the origins of this homegrown Brazilian Layer 1 blockchain project and how it combines the scalability of a Directed Acyclic Graph (DAG) with the security and immutability of a traditional blockchain.Who’s using this novel platform? Brazil’s B3 stock exchange elected to use Hathor as the infrastructure for its inaugural tokenization project. Also, Vortx QR Tokenizadora is also using the network for its tokenization projects currently operating inside the regulatory sandbox run by the CVM — Brazil’s securities regulator.Key Takeaways from this conversation:* Hathor's innovative architecture utilizes a DAG for transactions and a traditional blockchain for blocks, enabling greater scalability without sacrificing decentralization.* The network leverages the same mining algorithm as Bitcoin, allowing for merge mining and tapping into Bitcoin's vast mining infrastructure for enhanced security.* Hathor focuses on making blockchain technology more accessible by simplifying tokenization, NFT creation, and other common use cases for developers and enterprises.* The project has seen successful real-world implementations, including a tokenized bond platform approved by Brazil's CVM sandbox.* Hathor’s go-to-market strategy is to cater to 80% of blockchain use cases by providing 20% of the most essential features in a user-friendly and cost-effective manner.* The network avoids compromising decentralization for scalability, ensuring that anyone with a laptop can join the network as a node.* Hathor's merge mining capability with Bitcoin provides a sustainable and novel approach to securing the network.* The upcoming EVM bridge and the introduction of "nano contracts" (simplified smart contracts) are expected to unlock new potential and attract a wider range of projects to the ecosystem.* The project is focused on onboarding traditional developers and enterprises to Web3, making blockchain technology more accessible and easier to integrate.As Hathor continues to gain traction and expand its global presence, this episode offers valuable insights into the project's unique approach, achievements, and future roadmap.I really enjoyed this conversation with Yan and I hope you do as well. You can connect with him on Linkedin. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!For today’s episode I’m joined by Gino Matos, who is an OG of Brazil’s crypto media scene. He is currently a reporter for Crypto Briefing, with previous stints at CoinTelegraph Brasil and CriptoFacil. He is also the host of the Papo de Pelicano podcast. Gino has been at the forefront of covering the Brazilian crypto market for over six years, witnessing its evolution from a niche interest to a mainstream phenomenon. In this captivating conversation, he pulls back the curtain on the inner workings of the crypto media landscape in Brazil.Quick note that BCR is excited to be a media partner for Ethereum Rio ‘24, which is happening May 13-15 at Porto Maravalley. We’ll be discussing the EVM economy in Brazil, tokenization, DePIN, interoperability, fundraising in the bull market and more.Tickets are now available at this link. You can use the code BCRETHRIO24 for a 50% discount.Key Themes from this episode:* The rise of crypto coverage in traditional Brazilian finance publications like Valor. What was once a novelty has now become a regular beat in Brazil’s largest media outlets, signaling the industry's growing legitimacy and mainstream acceptance* Gino's proudest journalistic moments covering crypto across Brazil, from breaking stories on Brazil's cryptocurrency tax reporting to uncovering the dynamics of the country's real-world asset tokenization market* Balancing technical, in-depth reporting with appetite for price movements and memecoins* The promises and harsh realities of ambassador programs for crypto projects operating in Latin America. Gino has done some incredible reporting that exposed abusive practices by crypto protocols toward their ambassadors in Latin America * Unique insights into Brazil's vibrant and rapidly growing crypto marketI really enjoyed this conversation with Gino and I hope you do as well. You can connect with him on Linkedin and X/Twitter. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal! Luiz Hadad is a crypto researcher, advisor, and builder who has been deeply embedded in LatAm's blockchain ecosystem for years. He is also the author of the Sherlock Communications 2024 Blockchain Latin Report, which is the most comprehensive look at crypto and Web3 developments across the region. Luiz has produced this report the last few years, and thus has an incredible birds-eye view of the industry. I invited him to join the show to help us better understand the state of play across the region and shed light on the key trends he uncovered while putting together the new 2024 edition. Quick note that BCR is excited to be a media partner for Ethereum Rio ‘24, which is happening May 13-15 at the Xian Rio. We’ll be discussing the EVM economy in Brazil, tokenization, DePIN, interoperability, fundraising in the bull market and more. Tickets are now available at this link. You can use the code BCRETHRIO24 for a 50% discount. Some highlights from my conversation my with Luiz:⚡ Key LatAm Countries Driving Crypto Adoption* Argentina's tale of "adoption by necessity" amid economic turmoil* Why Paraguay is becoming a Bitcoin mining mecca* The untapped potential of Brazil to be LatAm's crypto innovation hub🌎 How Country Conditions Influence Blockchain Use Cases* Framing disruptive crypto innovation vs. incremental financial change* Why remittances are a huge crypto adoption catalyst in Mexico and Colombia* El Salvador's bold Bitcoin City experiment as a model for nation-state adoption🔍 Regulatory Frontiers + Opportunities for Investors* Inside the Bitcoin bond market El Salvador is cultivating* Brazil's tokenization blitz and huge retail market* The mixed bag of mining-friendly and anti-crypto policies across LatAm🧰 Top Builders, Projects, and Crypto Culture Highlights* How one Mexican billionaire has become a vocal bitcoin proponent* Grassroots adoption in Venezuela despite lack of clear regulations* The cultural legacy of "social currencies" grooming Brazilians for crypto💎 Key Takeaways* Hyperbitcoinization narratives like El Salvador's grab headlines, but grassroots crypto usage is more advanced in places like Venezuela and Argentina* Brazil is a true emerging crypto power with powerful regulation + infrastructure laying the foundation for future innovation* Lack of clear regulation in many LatAm markets is slowing institutional investment, but the community blazes forward anyway with its "unstoppable" ethos* Latam is ripe for tailored, localized crypto products and educational resources to meet pent-up demandYou can connect with Luiz on X/Twitter, Linkedin and Instagram. I really enjoyed this conversation with Luiz and I hope you do as well.Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!João Kury is the co-founder of Modular Crypto, a popular Portuguese language content and events platform that aims to expand Web3 knowledge and opportunity in Brazil. We chat about his experiences attending ETH Denver and ETH Latam in Honduras, the origins of Modular Crypto and the state of the ongoing modular versus monolithic blockchain rivalry. Key takeaways from this interview: * One of the key early contributors to Bankless Brasil, Kury reflects on the emergence of the first-ever Brazilian DAO — which quickly became the largest spinoff of the popular Bankless brand. * There is a strong need for more localized educational content in Portuguese. Kury explains that most crypto-related information available is in only English or Spanish, making it difficult for Brazilian users to access and understand these technological developments. This one of his driving reasons for starting Modular Crypto.* Modular Crypto is expanding through a series of educational events across Brazil, with the goal of reaching beyond the major hubs like São Paulo, Rio de Janeiro and Floripa.* Kury offers his take on the ongoing "modular vs. monolithic" blockchain debate, arguing that the future lies in specialized, modular chains rather than the one-size-fits-all approach of monolithic blockchains. * How Brazil can serve as a model for other Latin American countries when it comes to developing real-world use cases, particularly with the advancement of the Drex project run by the Brazilian Central Bank. You can connect with João and Modular Crypto on X/Twitter and Instagram.I really enjoyed this conversation with João and I hope you do as well.Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!For today’s episode I’m joined by Michael J. Casey, who is a renowned journalist, author and authority on the topics of blockchain and cryptocurrency. As a Wall Street Journal correspondent covering capital markets, he was one of the first mainstream media journalists to take an interest in bitcoin back in 2012-13. Michael lived in Argentina for six years in the 2000s as a WSJ reporter, witnessing firsthand the hyperinflation, currency devaluations, and banking crises that have plagued the country over the years.He more recently served as Chief Content Officer at CoinDesk (where he was my boss), and an advisor at the MIT Media Lab and Digital Currency Initiative. He’s also the co-author of three acclaimed books about cryptocurrency and blockchain adoption:* The Age of Cryptocurrency - which explores the early years of bitcoin’s development* The Truth Machine: The Blockchain and the Future of Everything - which explains the potential of blockchain technology* Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age - co-authored with Frank McCourt, the book lays out a blueprint for taking back control of the internet from corporate powers and algorithmsIn this conversation, Michael shares how his experiences in Argentina primed him to immediately recognize bitcoin’s transformative potential. We also discuss cryptocurrency adoption in the country over the years, and whether new president Javier Milei has the juice to successfully take on the Peronist machine. He vividly recounts his attempt to transfer his life savings out of the country after selling his apartment - an ordeal that involved shady back-alley money changers, stacks of physical cash, and a complete lack of trust in the formal financial system.These experiences led Michael appreciate bitcoin’s value proposition. As he puts it:"A monetary system that gets its trust from math, not from a government. That's amazing...I saw the ability to move, transfer money back and forth without the intermediary, without that casa de cambio in the middle or a bank or whomever."We also touch on the unique historical factors, including a legacy of colonial exploitation, that have contributed to Argentina's perpetual economic instability and lack of faith in government institutions. Michael draws insightful parallels between Argentina's woes and those faced by other developing nations burdened by unfair debt obligations and financial repression.Key Takeaways:* Argentina's recurring currency crises stem from a deep-seated lack of trust in the government's ability to maintain sound monetary policy, leading citizens to hoard physical U.S. dollars.* Bitcoin presents a compelling alternative for countries plagued by dysfunctional financial systems, offering a monetary system based on mathematics rather than fallible governments.* Argentina has emerged as a hotbed for cryptocurrency entrepreneurship and adoption, with innovative startups like Bitpagos (now Ripio) finding creative ways to facilitate crypto payments and remittances.* Why the developing world is a crucial battleground for the mass adoption of cryptocurrencies, as citizens seek to break free from debt traps, capital controls, and financial repression imposed by governments and legacy financial institutions.* How Michael's experiences in Argentina were instrumental in his "red pill" moment, helping him realize the revolutionary potential of Bitcoin to solve endemic problems of trust, property rights, and monetary instability.You can connect with Michael on X/Twitter and on LinkedinI really enjoyed this conversation with Michael and I hope you do as well.Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!Fabrício Tota is Head of New Business at Mercado Bitcoin, one of Brazil's leading crypto platforms. He was one of the first guests I interviewed for BCR nearly two years ago; a lot has changed since then, so I figured it was time for a redux. In this conversation, we discuss how Mercado Bitcoin weathered the recent crypto bear market, its successful foray into the asset tokenization space and how it’s positioning itself for the next bull market.Key points from the episode:* Over the past two years, Mercado Bitcoin has heavily focused on tokenizing fixed income products tailored to the Brazilian investor market.* Tokenizing fixed income fills a product gap as most crypto exchanges have traditionally focused on just listing coins/tokens. By "tropicalizing" tokenization for the local market, Mercado Bitcoin has been able to drive adoption — with more than 500 million reais ($100 million USD) worth of these tokenized products to retail investors* As regulation around tokenization in Brazil becomes clearer from the CVM, Mercado Bitcoin expects this business line to expand rapidly throughout 2024.* MB has also developed crypto-as-a-service offerings to allow other institutions to easily integrate crypto trading, custody, and products into their platforms.* Mercado Bitcoin is one of the few crypto-native firms participating in the Central Bank's Drex pilot program for a Brazilian CBDC/blockchain infrastructure. Their role gives them insights into potential future use cases like tokenizing real-world assets on Drex.Looking ahead to the next bull market, Fabricio provided his perspectives:* The competitive landscape in Brazil will intensify as global exchanges set up local operations and large banks roll out crypto offerings.* Some consolidation is likely as not all firms can meet heightened regulatory standards. Clear rules will benefit incumbents like Mercado Bitcoin.* The past month has seen a speculative frenzy in meme coins and altcoins on MB’s platform - a sign of the next bull run brewing.You can connect with Fabricio on Linkedin. I hope you enjoy this conversation with Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal! Thiago Barbosa is an attorney at Salles Nogueira Advogados and an expert on crypto taxation in Brazil. He joins the show to discuss new rules from the Receita Federal, Brazil’s tax authority, that impact how Brazilian investors must report and pay taxes on crypto assets.Specifically, we dive into a new law, passed in late 2023, that taxes stockpiles of Brazilian assets held overseas. The Receita Federal was tasked with implementing the rule, and last week released guidance for tax treatment of crypto assets held on foreign exchanges and custodians. So far, this guidance has generated more questions than answers.Thiago explains that the core issue is distinguishing which crypto assets are considered "foreign financial applications" that would fall under the new 15% flat tax rate with no exemption for small trades. Previously, crypto trades in Brazil were subject to a 15% tax rate, but with a monthly exemption on gains under R$35,000 reais (~$7,000 USD).According to Barbosa, the key things to understand are:* Bitcoin and many other mainstream cryptocurrencies may not actually be considered "foreign financial applications" subject to the new flat 15% rate. The rules are unclear.* Staking rewards and "crypto assets that mimic foreign financial applications" will likely fall under the new rules. But line-by-line assessments may be required.* Under the new rules, losses can be used to offset gains when calculating taxes owed - a positive change. But it requires meticulous record-keeping across all exchanges and wallets.* There is still uncertainty around whether self-custodied wallets (like a Ledger) located abroad would count as "foreign" for tax purposes.Other key points and themes that emerged:* The motivation behind the law was to tax Brazilian wealth held abroad, with crypto dragged along somewhat haphazardly* The new rules will benefit "whales" who trade large volumes on offshore exchanges by locking them in at a flat 15% rate irrespective of their total gains or income* While threatening use of AI and analytics, it's unclear if the Receita Federal can comprehensively track the activities of Brazilian investors who use offshore exchanges (yet)Barbosa urged listeners to track their activities meticulously, especially staking and lending rewards which are clearly captured under the new "foreign financial application" language. While simplified in some ways, the new rules have opened a raft of new complexities for Brazilian crypto investors and traders to navigate.You can connect with Thiago on LinkedinI hope you enjoy this conversation. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTube🇧🇷Brazil Crypto Report is excited to be an official media partner and curator for Ethereum Rio 2024, which takes place May 13-15. Speaker applications and partnership inquiries are open! Olá pessoal!I hope everyone is doing great. We’re switching things up this week with a lighter theme: the growing trend of gringos moving to Latam as a lifestyle arbitrage play.To help us better understand, I’m joined by Vance, who is the founder of My Latin Life — a platform dedicated to helping expats and digital nomads navigate life in Latin America. We talk about the growing trend of outsiders moving to the region since 2020, the contrast between life in Latin America and the US/Canada, and the role crypto has played in this migration.Here are some key takeaways from the conversation:* The rise of remote work - particularly in sectors like crypto and tech - and the ability to make money online has democratized the ability to live an international lifestyle, allowing more people than ever to escape harsh winters and experience the warmth and vibrancy of Latin America.* While the "snowbird" trend of wintering in places like Florida was once only accessible to the wealthy, the new generation of remote workers can now "winter" in exotic destinations like Mexico or Costa Rica at a fraction of the cost.* Hiring household help, such as maids and chefs, is a game-changer for expats in Latin America, freeing up significant time and improving quality of life – something that many Americans and Canadians are initially uncomfortable with but quickly come to appreciate.* Crypto products and services like Bitrefill are enabling expats to live entirely on crypto, using gift cards and merchant balances to cover everyday expenses without needing to touch fiat currency. * While the pre-2020 expat scene in Latin America was dominated by "nerds", “chads” and "party bros," the post-pandemic influx has been more diverse. Families, retirees, and "normal people" are joining the mix, seeking an authentic experience beyond all-inclusive resorts.Importantly, Vance argues that all of this isn’t a temporary trend. He predicts that as the world becomes increasingly globalized, the trend of internationalization and "a la carte" lifestyles — where different aspects of one's life are spread across multiple countries — will continue to gain momentum, with Latin America being a prime destination.You can connect with Vance and My Latin Life on X/TwitterI hope you enjoy this conversation. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTube🙏 If enjoy this content please consider dropping a Five Star rating wherever you listen to podcasts!Olá pessoal!For this week’s episode I sat down with Luca Cosivi, who works in business development at Open Zeppelin and is also helping to organize Rio Onchain Week March 19-24. As Luca explains, Rio Onchain Week is modeled after Devconnect — the popular developer focused event supported by Ethereum Foundation. The objective is to bring together Brazil's scattered "tribes" of Web3 builders under one umbrella. It will feature a mix of community-organized meetups, workshops and networking events, drawing some 500 builders and culminating in the second-annual ETHSamba hackathon.While many of the week’s events will be Ethereum-focused, Luca explains that the organizing team is encouraging all Web3 “tribes” to participate. "We wanted to welcome everyone. The agenda is very open. We are curating it, of course, but the Rio Onchain Week is very open, so even if you are not totally Ethereum-aligned, you can still use that week to do your own event."You can learn more about Rio Onchain Week here. You can also connect with Luca on Linkedin to learn more about sponsorships, hosting your own event as part of the week, or participating in some other form.Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTube🙏 If enjoy this content please consider dropping a Five Star rating wherever you listen to podcasts!Olá pessoal!Greetings from ETH Denver where we’re powering ahead into Day 3 of the main event. This has become a must-attend gathering every year because of its sheer size and influence. I haven’t seen official numbers but have heard from organizers that 25,000 people descended into the city this week for the conference. ETH Denver is a great barometer because what happens here sets the agenda for the rest of the year in Ethereum-land (crypto more broadly). BCR had the chance to sit down three Brazilian executives onsite to get their perspectives on this year’s event:- Thiago Rudiger, VP of growth at Tanssi- Bruno Maia, head of business development at Cartesi- João Zecchin, co-founder of Fuse CapitalWe covered several key themes around crypto's growth and adoption, as well as why ETH Denver is such a unique event for ecosystem builders.* The double-edged sword of airdropsWhile airdrops help to boost protocol adoption and give builders an opportunity to get quick feedback on their product, they contribute to the "get rich quick" speculative environment as the crypto market rebounds. However, properly designed airdrops can be a powerful means to efficiently acquire users. • Modular Blockchains Unlocking New Capabilities Protocols like Cartesi and Tanssi are tapping into modularity and application-specific chains to enable new use cases. However, increased complexity from cross-chain composability remains an open challenge. At the end of the day, the modular versus monolithic blockchain debate appears overplayed in the sense that is a technical discussion, and end users aren’t necessarily going to know or care about these particular details* All Eyes on DePINFrom computing to storage to wireless and 5G networks, crypto-economic driven alternatives to traditional physical infrastructure networks offer an intriguing value proposition in this cycle despite the surrounding hype.• Behind the Narrative – Solving Real-World Problems Is 2024 the year where Web3 begins shipping at scale products and services that people want to use and will pay to use?• Brazil's Unique Opportunity Our experts highlighted Brazil's special position with aligned regulators, massive adoption in traditional finance, and growth in crypto developers. As João urged, Brazilian builders need to take advantage of this "generational opportunity."Big thanks to João, Thiago and Bruno for coming on the show to share their thoughts. I'm looking forward to returning to ETH Denver next year to track the industry's progress in turning these possibilities into reality. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTube🙏 If enjoy this content please consider dropping a 5 Star rating wherever you listen to podcasts!Olá pessoal!You’ve probably noticed a theme running through my most recent podcast episodes. Namely, large global cryptocurrency exchanges are prioritizing the Brazilian market in 2024 and are investing heavily in their presence here. Over the last two weeks I spoke with representatives from Bitget and Coinbase, and for today’s interview I talk to Jason Lau and Guilherme Sacamone of OKX - which is one of the largest crypto spot and derivatives platforms in the world. Despite its sheer size, OKX is taking a unique localized approach to launching in new markets. For example, you may have seen the news yesterday that it officially went live in Turkey, and in Argentina a few weeks ago before that.OKX’s approach in Brazil is to offer products, experiences and compliance that resonate with local users - mimicking the success of the country’s homegrown platforms, but with the product portfolio, order book depth and liquidity that only a large global exchange can offer.Here are some other key takeaways from my conversation with Jason and Guilherme:• Tailored Product Offerings and Experiences OKX is focused on building products and user experiences specifically for the Brazilian crypto market. This includes a simplified user interface, educational resources in Portuguese, popular local payment methods, and tokens and trading pairs relevant to users in the region. • Compliance and Security as Competitive AdvantagesOKX emphasizes regulatory compliance, platform transparency, and user security as key differentiators. This includes implementing local KYC requirements, participating in crypto associations such as ABCripto, and offering crypto insurance and monthly proof of reserves.While OKX has a massive crypto derivatives business, Sacamone emphasizes that the exchange will not be offering these products to Brazilian users until there is a regulatory green light. He also adds that OKX intends to apply for a VASP license from the Central Bank of Brazil once that process opens up.• Targeting Power Users First, then the Broader PopulationWhile aiming to eventually serve all Brazilians, OKX is initially targeting more affluent and sophisticated crypto traders who want advanced trading features, but with a product that is simple enough for the average Brazilian to use. This top segment will provide product feedback to inform offerings for the wider market later as OKX grows its presence in the country.* Top Tier PartnershipsOKX has partnerships with global brands like Manchester City and McLaren that lend top-tier name recognition among local and global audiences.* Continuing Product InnovationIn addition to the spot exchange, OKX is continuing to build out its self-custody multi-chain wallet, a new ordinals marketplace, and its own Layer 2 blockchain which is expected to go live later this year. I really enjoyed this conversation with Guilherme and Jason and I hope you do as well. You can connect with the both on Linkedin. Have a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!For today’s episode I’m joined by Fábio Plein, Managing Director for the Americas at Coinbase, to learn about the juggernaut exchange’s go-to-market and expansion plans in Brazil. Coinbase is obviously a company that needs no introduction. It is the largest crypto exchange by volume in the United States, and among the largest in the world alongside the likes of Binance, Bybit and OKX. Coinbase has been strategically building out its presence and operations behind the scenes in Brazil for the past year, and now has big plans to ramp up in 2024. Can Coinbase replicate the successes its seen in other markets in Brazil this year? This will be a key theme to watch.Here are some key highlights from our chat:* Coinbase launched its retail app and operations in Brazil last year. The app brings the same products and experience accessible in the US and other parts of the world, such as access to 250+ assets, staking rewards, etc.* Brazil is a strategic focus market for Coinbase in reaching its ambitious goal of getting 1 billion people to adopt crypto globally. Factors like a tech-savvy population of over 200 million and high existing crypto adoption levels make Brazil’s potential enormous.* Coinbase’s go-to-market strategy revolves around having a trustworthy and easy to use product with strong security, localization efforts and constant feedback-driven product enhancements. Organic growth through word-of-mouth about the quality experience will be higher priority in the early days than big-spend marketing pushes.* While retail is the main focus currently, Coinbase also has a budding institutional business in Brazil serving banks, fintechs, and investment funds with trading tools and crypto-as-a-service offerings.* Coinbase has been actively engaged with regulators like Brazil’s Central Bank, submitting public consultation feedback and advocating for policies like assets segregation that balance user security with technological innovation.* Coinbase now has around 35 employees based in Brazil spanning engineering, product, marketing, compliance/legal, and operations. There are currently job openings for a Brazil-based expansion manager, marketing manager, engineer and data scientist. * Coinbase intends to use Base, its novel Layer 2 blockchain, as a means to engage with and empower Brazil’s developer community.* The priority for the next 12 months is to continually expand Coinbase’s monthly transacting user base in the country, with the end goal of becoming the the preferred crypto-native exchange for Brazilians.I really enjoyed this conversation with Fábio and I hope you do as well. You can connect with him on LinkedinHave a great week everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!As we enter (hopefully) a bull market in 2024, Brazil is shaping up to be a battleground for global crypto exchanges looking to expand to new markets. Bitget, one of the largest exchanges in the world, is among these players. Best known for its partnership with Argentinean football superstar Lionel Messi, Bitget serves more than 20 million users across 100+ countries. In this conversation, Chief Operating Officer Vugar Usi details Bitget’s expansion strategy in Brazil and Latin America in 2024. Here are some key highlights from the interview:* The exchange aims to grow its 200 person Latin America team by 50 percent in 2024 as a strategic priority* The origin of Bitget’s partnership with Messi and how the footballer has helped bring the brand’s recognition globally* How emerging markets like Brazil and Latin America present major opportunities for crypto growth compared to more restrictive regulatory environments like the U.S. There is strong existing crypto adoption, education, and interest in the region* The company’s current product suite for all types of users, including copy trading, a Web3 wallet, Bitget payment cards, etc.* Bitget’s push to build itself into a lifestyle brand that builds long-term partnerships with users, rather than just a place to trade crypto. * How its user acquisition strategy focuses on word-of-mouth and influencer/ KOL marketing rather than paid advertising. Bitget works with hundreds of thousands of influencers globally to attract their audiences and plans to continue that strategy in the region* On the compliance front, Bitget is looking to build trust with users and regulators through proof of reserves, insurance funds, and transparency* Major competitors like Binance and FTX stumbling represents an opportunity for Bitget to gain market share with its strong brand reputation. * How emerging markets tend to be more flexible on crypto regulation versus Western markets. Bitget avoids the U.S. market currently due to its restrictive stance.I really enjoyed learning about Bitget during this conversation with Vugar, and I hope you do as well. You can connect with him on Linkedin Have a great weekend everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal! Fábio Araujo is an economist and engineer at the Central Bank of Brazil, where he serves as the coordinator of the Drex project. Drex is an ambitious hybrid wholesale/retail CBDC and tokenization platform that, if it proves successful, will be the infrastructure for a tokenized economy in Brazil. In this interview, Araujo provides a comprehensive overview of the project and its ambitions, while giving an update on the 2024 roadmap ahead. Key points in this conversation:* Drex consists of a Hyperledger Besu-based permissioned blockchain network used by participants in the national financial system. This network is Ethereum Virtual Machine compatible and will be interoperabe with existing DeFi protocols built on other EVM-based public blockchains. Participants will require authorization from the central bank* Two types of currencies will exist in the Drex system - a wholesale CBDC used for transactions between authorized entities, and tokenized reals issued by banks and financial institutions to retail customers* The network will support tokenization of real-world assets like government bonds, commodities, and receivables to increase access and efficiency. For example, tokenizing government bonds on Drex could make them more accessible to average Brazilians to hold in their savings accounts. These tests are underway as part of the ongoing Drex pilot. * The critical challenge Drex faces right now is finding a privacy solution that protects transaction data and participant identities at scale. This is needed to comply with stringent Brazilian data protection laws. The bank has been experimenting with several zero-knowledge proof-based solutions, but has not been able to find the right match as of yet* Araujo explains that Drex seeks to make tokenized finance transparent and accessible to everyday Brazilians, like existing solutions for digital payments and crypto trading. The goal is greater inclusion and democratization of financial services for Brazilian citizens.* By enabling composability of decentralized financial services, Drex would separate product creation from consumer-facing roles - allowing more specialization and competition within the financial system. Artificial intelligence, for example, could then help provide customized products to consumers.* The Central Bank plans to work on maturing privacy solutions and use cases over the next year before opening up Drex for public testing. With Brazil having recently launched the hugely successful PIX instant payments platform, Drex represents the next step in its journey to leveraging technology to expand financial access. 👀 In my opinion, if the BCB this can execute Drex successfully, it immediately becomes among the most interesting blockchain projects in the world — one that will likely be emulated by many other countries. I really enjoyed this conversation with Fabio and I hope you do as well. You can connect with him on Linkedin.Have a great weekend everyone,- AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!One of the areas I frequently point to when discussing crypto adoption in Brazil and Latin America is that the country’s largest banks are among the most advanced in the world with regards to their digital asset strategies and deployment.To explore this further, Guto Antunes, head of digital assets at Itaú joined the show to talk about how Brazil’s largest bank is implementing an ambitious crypto and blockchain agenda in 2024. Here are some key takeaways from this conversation:* Itaú is taking an aggressive four-pronged approach to digital assets across tokenization, custody services, distribution, and participation in the Drex CBDC project.* The bank aims to meet the needs of a new generation of digital asset users through intuitive and safe products and services.* Itaú’s digital assets division has grown to 60-70 employees working closely with teams across the bank.* Antunes is bullish that tokenization will help open capital markets to more middle-market players in Brazil through fractionalized ownership.* Itaú’s decades worth of governance and security experience on the custody front gives retail crypto buyers and institutional investors.* The ion brokerage app allows clients to easily buy and custody crypto assets within a simplified bank-grade interface.* Itaú is testing use cases and scaling/privacy considerations in the Drex CBDC pilot program.* How partnerships with specialized fintechs like Liqi (which is providing the underlying crypto-as-a-service solution for ion) allow bi-directional knowledge sharing between banks and emerging crypto/blockchain players.* Itaú takes guidance from regulators but remains proactive in rolling out digital asset products and gathering data for regulators based on initial client usage and feedback.* The expected 2024 full launch of new crypto regulations and licenses will likely spur significant adoption among Brazilian banks and institutions.This conversation provides a great perspective on how Brazil's largest bank is approaching digital assets from both a strategic and technical perspective.I really enjoyed this conversation with Guto and I hope you do as well. You can connect with him on Linkedin.Have a great week everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!Greetings from Krakow, Poland where I spent the weekend exploring my family’s ancestral connections and meeting some very distant cousins for the very first time.Brazil Crypto Report will resume its normal publishing schedule this coming week, but in the meantime please have a listen to this incredible episode with Rafael Castaneda.Rafael is a computer scientist, professor, community builder and self-described "techno-philosopher" sitting at the intersection of technology, ethics and futurism. He is the founder and host of the popular "Casta Crypto" channel and the Casta Guild, which provides Web3 training and education for its members. Highlights from this episode: * Rafael shares how his unique background - from software engineer and professor to crypto analyst and now full-time content creator and community builder led to his "techno-philosophical" approach to understanding crypto and Web3 technologies.* We discuss concepts like crypto enabling new forms of human coordination, "digital nations", creating alternative opt-out systems, and more. Rafael sees crypto as a socio-political revolution, not just an economic one.* On market trends, Rafael provides insightful commentary on Ethereum's reliance on Layer 2 solutions, the differences between Ethereum and Solana's approaches, and more.* He makes some bold predictions like the emergence of DeFi protocols compliant with regulations, as well as further merging of centralized and decentralized finance.* Rafael also shares intriguing perspectives on Brazil's central bank digital currency initiative, which aspires to go beyond CBDC to include tokenizing bonds, automobile titles and other types of assets on a smart contract platform managed by the central bank.* Throughout the conversation, Rafael demonstrates remarkable intellectual breadth, spanning philosophy, game theory, political economy, emerging technologies, etc. I’ve been in the world of crypto journalism and content creation for more than seven years now, and I can say confidently that this is the most dynamic, engaging and insightful conversation I’ve ever had. There simply aren’t that many people in crypto who are offering truly new ideas, perspectives or ways of engaging technological change in the way that Rafael is. You can follow and connect with Rafael on YouTube, Instagram, Twitter/X, Linkedin and via his Casta Guild websiteHave a great week everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe

🎧 Listen: Spotify | Apple Podcasts | Anchor | Amazon | Google Podcasts | YouTubeOlá pessoal!If you’ve been around the Brazil crypto world for some time, you’ve surely come across Rocelo Lopes. He’s been a staple of the industry in this part of the world for a decade now - launching the region’s first commercial bitcoin mining operation in Paraguay in 2014. Now he has a mind-blowingly creative new product that allows users to send and receive USDT payments via Brazil’s Pix instant payment network - obviating the need for Brazilians and foreigners to have a bank account in order make electronic payments via Pix.In this interview we discuss:* Rocelo’s first exposure to bitcoin in 2013 when a client offered to pay an overdue $180,000 telecom bill with 1,105 bitcoins. * In 2014 he established Latam’s first commercial bitcoin mining operation in Paraguay due to its cheap hydropower (also how he set the local electrical substation on fire and left the local town without power!)* How SmartPay facilitates instant fiat-crypto swaps and payments via Pix in under 30 seconds without custody, and why this is advantageous for Brazilians and gringos alike* How SmartPay facilitates cross-border Pix payments at significantly lower cost than credit card FX rates. This helps Brazilians abroad and provides an incentive to merchants to use the service* SmartPay’s roadmap - which includes adding Tether Gold, bitcoin base layer, and Lightning Network payments in 2024You can connect with Rocelo on Linkedin, Twitter and Instagram Have a great week everyone,-AWSConnect with 🇧🇷Brazil Crypto Report across the web: Twitter | Linkedin | YouTube | Instagram | Spotify | Apple Podcasts | Substack Get full access to Brazil Crypto Report at brazilcrypto.substack.com/subscribe