#brazil
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Worldcoin Puts Orb Operations on Pause in Three Countries
For undisclosed reasons, Worldcoin has suspended the use of its eye scanner, Orb, for biometric verification in Brazil, India, and France. According to company representatives, this decision was made to comply with regulatory requirements in these countries. Government websites fall prey to crypto scammers
Official web portals from various jurisdictions, including India, Nigeria, Egypt, Colombia, Brazil, and Vietnam, are funneling users to a bogus MetaMask website. Visitors receive a phishing warning from Microsoft Defender the moment they access the site. Ignoring this alert and connecting one's MetaMask could result in catastrophic loss of funds.The fraudulent website is depicted beside the authentic one in a screenshot. Introducing Drex: Brazil's CBDC receives Its distinct identity
Brazil's Central Bank has officially christened its digital currency as 'Drex', moving away from its previous moniker, the digital real.
The visual identity of Drex has also been released, featuring two arrows, with one integrated into the uppercase 'D', illustrating the transition of Brazil's conventional fiat currency to its digitalized form.
Does the green hue symbolize perpetual growth? 
Tether Announces a Film to Mark Its 10th Anniversary
Tether, the issuer of the world’s largest stablecoin, USDT, is celebrating a decade of operations. In honor of this milestone, the company has announced a documentary titled "Stability and Freedom in Chaos," which focuses on USDT's role in combating national currency inflation, using case studies from countries like Turkey, Brazil, and Argentina.
Crypto Regulation in Brazil
Brazil reigns as the most substantial cryptocurrency hub in Latin America. Yet, its regulatory stance towards digital currencies is confounding. On one hand, they're not recognized as legitimate money; on the other, there's a push towards legitimizing crypto transactions. Brazil and Stellar have completed CBDC testing
Blockchain technology has been used to pilot Brazil's digital real. Execution took place on the Stellar infrastructure of the local Mercado Bitcoin exchange.
The experiment included a KYC procedure, a fraud protection check using decentralized identity identification, and direct fund transfers.
All worked well, no violations of the country's laws were detected (thankfully, the tests had not yet been banned), though Mercado's head teased that the Central Bank's real motive was to see how things would unfold if it lost its direct control over money. Elon Musk’s X Makes a Comeback in Brazil After Court Showdown
Following a conflict with local authorities over accusations of spreading disinformation, the social media platform X is set to relaunch in Brazil. Elon Musk had to comply with court orders to unblock access to the platform. In legal battles with independent judicial systems, it becomes clear that charisma and wealth don't protect anyone from accountability.
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