eyesonbrasil Amsterdam, July 5th, 2025 – In what’s being called the largest cyberattack in Brazil’s financial history, hackers infiltrated the infrastructure of C&M Software—a tech firm that connects financial institutions to the Central Bank—and siphoned off over R$1 billion from reserve accounts. The breach has sent shockwaves through Latin America’s banking sector and exposed critical…
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Lula and Haddad’s Telenovela Amid Trump’s Bold Move eyesonbrasil Amsterdam, January 22nd, 2025 – In the latest episode of Brazil’s political telenovela, President Lula and his finance minister, Fernando Haddad, find themselves in a dramatic showdown over the Pix tracking decree. The plot thickens as the public, fueled by misinformation, believed that every Pix transaction…
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eyesonbrasil The New Norms and Their Implications Amsterdam, January 14th, 2025 – In early January 2025, Brazil’s Receita Federal announced a new measure to monitor all Pix payments exceeding 5000 BRL per month. While the government claims this move aims to combat tax evasion and promote transparency, many citizens fear it signals the beginning of…
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eyesonbrasil 1. Introduction: Taxing PIX PIX, Brazil’s instant payment system, has been a revolution in the way financial transactions are carried out. However, recently, the Central Bank authorized the charging of fees for transfers via PIX to private companies. This change has generated debate and concern, especially for small businesses. 2. Impact on Small Businesses…
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