Latest news with #BrazilianReal
Cision Canada
22-07-2025
- Business
- Cision Canada
KuCoin Resumes BRL Fiat Balance Transactions, Strengthening Commitment to Brazilian Traders
VICTORIA, Seychelles, July 22, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange, proudly announces the resumption of Brazilian Real (BRL) fiat balance transactions for its spot market. This step reinforces KuCoin's dedication to Brazilian traders. Users can now hold BRL in their KuCoin accounts, deposit and withdraw funds via PIX or bank transfers, and trade popular cryptocurrencies like Bitcoin, Ethereum, and Tether directly with BRL. Fully compliant with the Central Bank's Know Your Customer (KYC) requirements, this service ensures a regulated trading environment. This resumption delivers significant benefits for Brazilian traders, positioning KuCoin as a preferred platform in the region. It introduces cost efficiency by enabling direct BRL trading, eliminating currency conversion fees—a key advantage in a market where cryptocurrencies counter economic volatility. The integration of PIX, Brazil's instant payment system, provides fast and convenient deposits and withdrawals, empowering traders to capitalize on market opportunities effortlessly. KuCoin's adherence to the Central Bank's strict KYC processes fosters trust and security. Moreover, BRL support lowers entry barriers for new traders without foreign currency accounts, expanding crypto market participation. To celebrate, KuCoin launched a limited-time promotion: Top-Up Ranking Contest: The top 10 users with highest BRL top-ups share a 2,050 USDT prize pool. Large Purchase Bonus: Receive up to 10 USDT when purchasing crypto with BRL. New User First Purchase Gift: 1 USDT bonus for first crypto buy. New User 0 Fees: Free top-ups and withdrawals for the first month. For the latest details on activity rules, please visit KuCoin's official website. BC Wong, CEO of KuCoin, stated: " Latin America is a vital market for KuCoin, and our commitment remains unwavering. We are dedicated to providing Brazilian traders with an exceptional trading experience. As the first major exchange to support BRL transfers via PIX after Brazil's Central Bank policy updates in 2022, our current resumption of BRL balance transactions further highlights our leadership in innovation and regulatory alignment." Brazil's crypto market ranks ninth globally, with $4.69 billion in net crypto imports in Q1 2024—a 118% increase. Stablecoins lead transactions, signaling a need for stability. The market is expected to generate $2.8 billion in revenue by 2025, fueled by rising adoption and a favorable regulatory landscape. KuCoin's BRL fiat balance transactions streamline fiat-to-crypto conversions, cutting costs and complexity through PIX. Compliance with upcoming 2025 stablecoin regulations builds further trust, encouraging mass adoption. With this initiative, KuCoin cements its leadership in Brazil's vibrant crypto ecosystem, shaping the future of finance through innovation and strategic partnerships. About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at:
India.com
11-07-2025
- Business
- India.com
Trump imposes heavy tariffs on THIS country with aim to weaken...; clear warning for India, China not to...
(File) Trump Tariffs: US President Donald Trump has announced to impose a 50% tariff on all exports from Brazil, move which is being seen as clear warning to BRICS countries, especially India and China, not to challenge American economic and strategic interests, amid rumblings of de-dollarization within the regional grouping. Why Trump imposed heavy tariffs on Brazil? Trump's decision to impose heavy tariffs on Brazil came following a heated exchange with Brazilian President Luiz Inacio Lula da Silva, who called the US President an 'unwanted emperor'. In response, Trump alleged that Brazil was attacking freedom of speech in the United States, and influencing free and fair elections. Experts view Trump's imposition of heavy tariffs on Brazil as a multi-dimensional move, loaded with business, geopolitical and even personal political motives, including weakening the BRICS grouping. The tariff are also meant to serve as a strong message to countries like India and China that they will suffer economic consequences if they make any moves against American interests. How Trump tariffs will impact Brazil? Donald Trump's 50% tariffs on Brazil is expected to deal blow to the country's economy, by severely impacting Brazilian exporters, especially who import key agricultural products like coffee, orange juice, sugar, beef and ethanol, to the US. The impact of Trump tariffs is already being witnessed as Brazilian Real fell after the announcement, while the shares of major firms such as aircraft manufacturer Embraer, oil giant Petrobras, dipped significantly. However, American consumers are also expected to bear the brunt of US' tariffs on Brazil as the prices of goods imported from the South American country are likely to rise. Brazil is the world's largest coffee producer, and around one-third of the coffee consumed in the US comes from Brazil. What's the 'message' for India and China? Trump's tariffs on Brazil are being seen by many as a direct 'message' to India and China, warning them not to threaten US interests. China, the largest economic power in the BRICS, is already embroiled in a trade war with the US, while India, a key member of the regional grouping, has strong strategic ties with US' rival Russia. Notably, India also has important trade relations with the US, which put New Delhi in a complex position, where it must figure out how to balance ties with BRICS countries while maintaining a health partnership with America. Trump has talked about imposing more tariffs on Indian imports, including 10% tariffs on the pharmaceutical sector, indicating that New Delhi may have to face economic consequences if it opposes any US policies.
Wall Street Journal
11-07-2025
- Business
- Wall Street Journal
Heard on the Street Thursday Recap: Copper Keeps Shining
Copper prices—and mining stocks—rose after President Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the metal hit record highs earlier this week after Trump unveiled the levy. The Brazilian real regained some ground, a day after the currency lost more than 2% against the dollar. Brazil's relatively closed economy gives it some protection from tariffs, analysts at Oxford Economics said. Even so, levies could sap business confidence and there is a risk tensions spiral.
Time Business News
01-07-2025
- Business
- Time Business News
How Fed and ECB Shifts Are Reshaping Emerging Markets and Currencies in 2025
Reinvention of Fed and ECB changes in the global economy by shaping the economy of the emerging markets and currencies is one of the most influential trends in 2025. The ripple effect of the U.S Federal Reserve (Fed) and European Central Bank (ECB) as they begin to balance their monetary stance as they respond to inflation, growth concerns, and stability of financial markets is felt amongst the developing countries, especially strongly. Whether it be capital flow adjustments down to currency revaluation, such policy adjustments are redrawing the map of investors, governments, and central banks in the emerging economies. Also Read About How Fed and ECB Shifts Are Reshaping Emerging Markets and Currencies in 2025 Following a string of international volatility, in the form of the pandemic to energy crises, emerging markets (EMs) have become a cross-section of utopia and risk. The Fed tightening up and the ECB tightening leave an uneven and complicated situation amongst EMs as they attempt to lure investment, keep exchange rates constant, and promote growth. Also Read About How to Invest in Crypto for Beginners As rate hikes continued violently to restrain inflation in 2022 to 2023, the Fed started the process of cutting interest rates in late 2024. By 2025, the central bank will have also changed tone to be more dovish by lowering rates slowly as inflation is nearing the target level of 2%. This transition plays an important role in the emerging markets. Last year, EMs lost investors as high interest rates in the U.S. led investors in search of safer and more profitable assets in the U.S Capital inflows again: EM ETFs and bonds are back on the radar, particularly in asset classes of countries with sound fundamentals. EM ETFs and bonds are back on the radar, particularly in asset classes of countries with sound fundamentals. Currency Strength: The dollar strength has reached a band where the pressure is being relieved as the EM currencies, which include the Brazilian Real and Indian Rupee, are now recovering. The dollar strength has reached a band where the pressure is being relieved as the EM currencies, which include the Brazilian Real and Indian Rupee, are now recovering. Decreased Debt Costs: A weaker USD is the windfall that many EMs with dollar-denominated debt today enjoy, since this situation helps them to repay the debt more easily. Countries like India, Mexico, and Indonesia have become some of the countries where foreign investors have become more interested and whose borrowing pressures have dropped. The European Central Bank, unlike the Fed, is remaining hawkish till the early 2025 period because of the continued inflation, which is seen in terms of wages and energy. Despite the rather low European expansion, the ECB maintains some sporadic increases in rates in order to maintain price market stability. This has left a mixed situation, particularly in emerging markets, which are likely to be affected, especially those with long trade or financial relationships with Europe, since, paradoxically, any combination of these three becomes a threat to the market: A stronger Euro: This will favor EM exports to Europe, however, taking capital out of EM bonds, since euro-denominated investments provide rival returns to EM bonds. This will favor EM exports to Europe, however, taking capital out of EM bonds, since euro-denominated investments provide rival returns to EM bonds. Eastern European Sensitivity: countries such as Poland, Hungary, and Romania, whose economies are linked to the Eurozone, are more exposed to the turbulent movement of currency and capital. countries such as Poland, Hungary, and Romania, whose economies are linked to the Eurozone, are more exposed to the turbulent movement of currency and capital. Rising Capital Competition: There is competition among various investors to channel their funds out of riskier investments in EM investments to the superior EU bonds. The split in Fed and ECB policies has created an uneven playing field for the markets of EM currencies. Brazilian Real (BRL): Becoming strong due to the strong commodity exports and enhanced political stability. Becoming strong due to the strong commodity exports and enhanced political stability. Indian Rupee (INR): The GDP growth is positive, and investors are optimistic. The GDP growth is positive, and investors are optimistic. Mexican Peso (MXN): demonstrating strength on account of stability in trading ties and financial soundness. Turkish Lira (TRY): It is volatile because of inflation and unpredictable policy action. It is volatile because of inflation and unpredictable policy action. Argentine Peso (ARS): The banking system under pressure: the denting IMF intervention. The banking system under pressure: the denting IMF intervention. Egyptian Pound (EGP): Suffers as it grapples with increased debts and geopolitics. At low interest rates back home in the U.S, again investors focus on emerging markets hawks but not so widely as they used to do. The easy EM investing is gone. Investors have become interested in seeking: Strong Fundamentals: Low inflation, easy debt, and political stability. Low inflation, easy debt, and political stability. Export-Oriented Economies: Particularly those dependent on commodities or technological production. Particularly those dependent on commodities or technological production. Monetary Credibility: Free and aggressive central banks are increasingly becoming trusted. Read More How to Invest in Crypto for Beginners They are shifting to countries such as Vietnam, Chile, and the Philippines, where risky countries with poor governance or twin deficit countries are avoided. Central banks in the emerging markets have come of age in terms of policy responses. In 2025, people are actively adapting to external circumstances and not going into a panic. Rate Buffers: Indonesia and the Philippines are keeping moderate interest rates in order to control inflation and variability of capital flow. Indonesia and the Philippines are keeping moderate interest rates in order to control inflation and variability of capital flow. Currency Defense Measures: South Africa and Colombia are looting reserves and deploying FX to evade fiscal devaluations. South Africa and Colombia are looting reserves and deploying FX to evade fiscal devaluations. Monetary Coordination: A number of EMs are enhancing transparency and the coordination of fiscal-monetary policy to disguise the risk perception. To the Fed and ECB policies influence, as well as global commodity prices, which impact the EMs' trade balances and growth: Oil Exporters: The oil-exporting countries, such as Nigeria and Saudi Arabia, get a stable demand and a marginally weaker dollar. The oil-exporting countries, such as Nigeria and Saudi Arabia, get a stable demand and a marginally weaker dollar. Mineral Exporters: There is investment in copper exporter Chile and nickel exporter Indonesia, as a result of the clean energy boom. There is investment in copper exporter Chile and nickel exporter Indonesia, as a result of the clean energy boom. Agricultural Powerhouses: Brazil and Argentina: Either in the shape of the climate issues they deal with, or the support because of high global food demand. Want to Learn About Us Finance Check Among most EMs, current account and fiscal are being backed up by better terms of trade in 2025. As attractive as the positives are, EMs have quite a few downside risks in case Fed or ECB policies go about-face, or some external shock befuddles them: Re-acceleration of U.S. Inflation: The threat of on-again, off-again Fed hawkishness would re-energize dollar appreciation and EM outflows. Slower Eurozone Demand: The prolonged tightening by the ECB could undermine demand by EM to exports in Europe. Geopolitical Crises: Uncertainty or violence in the Middle East or Eastern Europe might affect the feelings of investor confidence and oil prices. China's Economic Slowdown: A variety of EMs rely on the trade relations with China; a weak Chinese recovery is an indirect risk. How Fed and ECB Shifts Are Reshaping Emerging Markets and Currencies in 2025. This less aggressive approach by the Fed is providing breathing room to EMs, and the more aggressive approach on the interest rates increases opportunities as well as challenges, especially to Europe call call-linked economies, with the ECB. Also Read About Why IUL Is a Bad Investment? Upcoming economies with a higher focus on economic stability, transparency of policy, and strength are gaining the most in this new setting. On the investor side, attention needs to be moved away from simply yield-seeking to a risk-adjusted assessment of returns, macro-fundamentals, and currency developments. Global central bank policies are still evolving, and emerging markets need to remain flexible, and the investors invariably need to remain abreast with the current happenings. The next decade will not only be defined by the actions of what the Fed and the ECB say and do, but also by how the emerging markets adjust to it. TIME BUSINESS NEWS
Yahoo
12-06-2025
- Business
- Yahoo
Matera, Circle tie up to support stablecoin-ready financial platform
Matera, a financial technology provider, has reached a commercial alliance with Circle, the issuer of the USDC stablecoin. The collaboration establishes a native integration between Matera's real-time banking infrastructure and USDC, a fully reserved digital dollar. The agreement enables interoperability between local currency accounts and USDC through Matera's Digital Twin real-time ledger platform. This integration allows financial institutions to offer accounts with multiple currencies, including the Brazilian Real (BRL), US Dollar (USD), and USDC. Through this integration, local payment systems such as PIX can now be connected to the global liquidity provided by USDC, facilitating 'faster', more cost-efficient, and 'transparent' international payment operations. Circle's technology will enable Matera's clients to offer USDC as a balance option within their platforms, allowing for the global use of USDC in transactions akin to local currencies. Matera CEO Carlos Netto said: 'We are ushering in a new layer of global banking infrastructure. Interoperability between stablecoins and local currency accounts is no longer a side project—it's now at the heart of the financial system. This is a game-changer for banks and fintechs looking to operate globally with near-instant settlement and low costs.' Circle Brazil Policy and Regulatory Strategy VP Daniel Mangabeira said: 'Integrating USDC into Matera's widely used technology will empower Brazilian financial institutions to make fast, cost-efficient, and transparent global payments. With USDC, it will be easier to access the global digital economy with a transparent digital dollar.' Earlier in the month, Circle Internet Group made its NYSE debut, with its stock commencing trading at $69. "Matera, Circle tie up to support stablecoin-ready financial platform " was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
