Brazilian Court Authorizes Crypto Seizure for Debt Collection
Weekly news up to Wednesday, 9th of April 2025.
👀 NEWS HIGHLIGHT
Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value.
According to local media reports, the Third Panel of Brazil’s Superior Court of Justice unanimously authorized judges to send letters to cryptocurrency brokers informing them about their intent to seize an account holder’s assets to repay creditors.
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📊 INFOGRAPHIC
There are currently 26 FinTech companies valued above $1B in Latin America.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Streamlining Global Payment Experiences: DEUNA is Now Live with Click to Pay.
⭐️ CellPoint Digital partners with Kushki.
⭐️ Latin America’s biggest bank considers in-house real stablecoin.
⭐️ Jumpstart raises R$2.8 million and uses AI to give credit and advice to immigrants.
BRAZIL
Payments industry says Pix creates “tremendous imbalance” and defends separate management from the Central Bank. The payments sector and experts believe that the governance structure of Pix could undergo changes by separating regulation from operation.
Divibank 'pivots' business and raises R$47 million. The funds will support the development of Divibank Pay. The platform helps e-commerce businesses optimize payment processing by routing transactions to the most cost-effective providers. It aims to improve transaction approval rates and minimize transaction losses.
Nubank has started offering a new type of private payroll-deducted loan "Crédito do Trabalhador" (Worker's Credit), aimed at providing workers in Brazil with easier access to credit. The loan can be guaranteed by a worker’s FGTS balance or severance pay, allowing financial institutions to offer lower interest rates.
Brazil central bank to launch Pix installment feature "𝗣𝗶𝘅 𝗣𝗮𝗿𝗰𝗲𝗹𝗮𝗱𝗼" in September. The new feature, which poses a threat to credit cards' market share, is expected to further accelerate the rapid rise of Pix, which has quickly become the most popular payment method in Latin America's largest economy.
MEXICO
DEUNA’s new express flow powered by PayPal Vaulting. The integration enables businesses to securely store PayPal credentials and offer a seamless checkout experience. This innovative solution enhances the checkout experience for PayPal users by eliminating unnecessary friction.
EL SALVADOR
Bitget secures El Salvador Digital Asset Service Provider (DASP) license after BSP approval. The DASP license covers operations such as spot and derivatives trading, staking, and other yield-based financial products alongside infrastructure that facilitates access to crypto-powered savings and investment solutions.
MOVERS & SHAKERS
Bitso strengthens consumer strategy with the appointment of Alexandre Mehrdad as GM of its Bitso Retail Unit. Alex joins Bitso to lead a renewed strategy that will position the company as the choice for those who want to build and manage their wealth with simple and secure products and services powered by crypto and blockchain technology.
Kueski appoints BNPL and Payments Expert Yumi Hosaka Clark to its board of directors to support strategic growth. With over 25 years of experience in leading product development, payment strategies, and scaling digital businesses, Yumi's expertise will be key in helping Kueski continue its growth in the FinTech sector.