KuCoin Pay integrates with Brazil’s Pix payments network

Brazil's Ministry of Finance has proposed new taxation measures on stablecoins, igniting a heated debate among lawmakers and the cryptocurrency community. The measures aim to regulate the growing use of stablecoins in the country, which has seen a surge in adoption amid increasing interest in digital currencies.

A new reporting system named DeCripto is set to launch in Brazil in July 2025, aimed at tracking cryptocurrency transactions. This initiative comes as Brazil's tax authority reveals that stablecoins account for 90% of the country's crypto trading volume, highlighting the growing significance of these digital assets in the Brazilian market.

Crypto payments firm Truther is set to launch a non-custodial USDT Visa card in El Salvador, allowing users to make transactions without preloading funds or relying on custodial services. The card will incur a 2% fee on currency conversions, with Brazilian users exempt from the IOF tax.

A recent statement from an executive at a Brazil-based crypto firm has ignited controversy in São Paulo, asserting that increasing regulation and surveillance pose a significant threat to individual freedoms, while emphasizing the importance of peer-to-peer (P2P) technology as a defense mechanism.

São Paulo, Brazil's economic hub, is set to pilot a blockchain-based microloan project for farmers, utilizing a technology developed by Tanssi. This initiative aims to provide reliable and predictable transaction fees, moving away from traditional public blockchains.