Brazil Bitcoin Moves R$28B in 12 Months, Seeks Central Bank Authorization

Brazilian crypto firm Brazil Bitcoin reports R$28 billion in transaction volume over 12 months, serving ~650,000 clients, and has applied for authorization from the Central Bank of Brazil. The move signals growing institutionalization of crypto in Brazil, with expansion into international payments, AI, and asset tokenization. Regulatory approval would mark a significant step for the sector, though the outcome and timeline remain uncertain.

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