Mercado Libre shuts down Mercado Coin, ending its loyalty-driven crypto experiment
Starting April 17, users will no longer be able to buy, sell or earn cashback in Mercado Coin, but can sell, spend, or have the token converted to local currency.
Brazil
Brazil industry giants representing 850 companies decry stablecoin tax threat
They argue the tax would be illegal, violating Brazil’s Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.
Latin America’s crypto user growth outpaced U.S. by 3x in 2025, report shows
Brazil and Argentina are leading the growth, with Brazil dominating by transaction size and Argentina seeing increasing adoption driven by cross-border payments and stablecoin use.
Brazil Sets Flat 17.5% Tax on Crypto Profits, Ending Exemption for Smaller Investors
The tax applies to all crypto assets, regardless of location, and aims to boost tax revenue.
Brazilian Fintech Firm Méliuz Plans $78M Equity Offering to Buy Bitcoin, Shares Plunge
The offering includes free subscription warrants and aims to position bitcoin as a primary strategic asset in Méliuz’s treasury.
Brazil’s Postal Service Seeks Blockchain, AI Solutions for Operations
Through a pre-selection process it aims to find blockchain and AI-based solutions to enhance its operations.
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
Hyla Fund Management wants to become the Goldman Sachs of crypto. The firm plans on launching a new Latin America crypto fund as part of its strategy.
Ripple Partners With Brazilian Exchange Mercado Bitcoin to Offer Business-Focused Payments Solution
Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais.
Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot
In May 2023, the BCB selected 14 participants for the first phase of the pilot.
Elon Musk’s X Is Reportedly Now Banned in Brazil Following Judge’s Ruling
Elon Musk (Richard Bord/WireImage)