Brazil blocks stablecoins from key cross-border payment rail as $1.1 trillion market faces new limits

Brazil’s central bank will bar virtual assets, including stablecoins, from settling one specific type of international payment flow starting Oct. 1. Resolution 561 targets the settlement leg between regulated foreign-exchange providers and their overseas counterparties, requiring that leg to run through a licensed FX transaction or a qualifying non-resident real account. Individual international transfers using […]

Korean Police Traced Polymarket Users Through the Blockchain

South Korean police spent five months identifying individual Polymarket traders through public blockchain records and booking them on suspicion of illegal gambling, all while the platform was still legally accessible in the country. The platform is now blocked in Korea entirely. The Nature of Predictions Remains Contentious The Gangwon Provincial Police Agency’s cyber investigation unit […]

Denmark, Greenland affirm US deal will not cede sovereignty

The deal strengthens US military presence and economic security in the Arctic, impacting geopolitical dynamics and resource access. The post Denmark, Greenland affirm US deal will not cede sovereignty appeared first on Crypto Briefing.

New Mechanism Allows Bitcoin Settlements Off-Chain

Bitcoin’s market dynamics are evolving as a new mechanism for private contracts allows settlements off-chain. This shift could significantly influence trading strategies and investor behavior. According to a recent tweet by Bitfinex, the innovation ties commitments to Bitcoin through a transaction ID and cryptographic proof, making it appear as a standard transaction. The implications of […]