Brazil has postponed discussions on its upcoming cryptocurrency tax framework until after the October 2026 presidential elections, signalling a cautious political approach to digital asset regulation.
Finance officials aim to avoid introducing contentious fiscal measures during an election cycle, despite earlier plans to launch a public consultation later this year.
Recent tax reforms have already marked a significant shift in Brazil’s crypto policy. A flat 17.5% tax on capital gains was introduced in June 2025, replacing earlier exemptions for smaller transactions.
Previous rules allowed tax-free monthly sales up to 35,000 Brazilian real, while higher volumes were subject to progressive rates. Banco Central do Brasil classified stablecoin transfers as foreign exchange, making them subject to standard currency tax rules.
Authorities are considering broader crypto taxes, including on assets used for international payments. Alignment with the Crypto-Asset Reporting Framework also remains on the agenda, indicating a move towards tighter oversight and global regulatory coordination.
Strong adoption highlights the policy’s importance, with Brazil leading Latin America and ranking among the world’s top crypto markets. Regional data shows a surge in adoption, strengthening Brazil’s role in the global digital asset market.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
The FBI’s New York Field Office has warned that fraudulent tokens impersonating the agency are being airdropped to Tron wallets, with recipients threatened with ‘total block’ of assets unless they submit personal information via phishing sites.
At least 728 wallets were affected, some holding over US$1 million in USDT, when the warning was issued on 19 March.
The scam warns users that their wallets are ‘under investigation’ and instructs them to complete an online anti-money-laundering form. The FBI urged crypto holders to ignore these messages and avoid entering any personal data on linked websites.
Attackers exploit Tron for its fast and low-cost transactions, using bots to distribute tokens widely and generate spoofed addresses.
Impersonation scams have surged dramatically in 2025, with Chainalysis reporting a 1,400% year-over-year increase. Total crypto fraud losses are estimated at US$17 billion, with AI-assisted scams proving far more profitable than traditional schemes.
The FBI previously ran a blockchain sting using Ethereum tokens, resulting in indictments and the seizure of millions in assets.
The bureau encourages anyone who receives the fake FBI tokens to report the incident to the Internet Crime Complaint Centre to help combat ongoing crypto fraud.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Visa has launched Agentic Ready, a global programme preparing the payments ecosystem for AI agents to initiate transactions for consumers. The programme builds on Visa Intelligent Commerce, the company’s framework for secure, AI-driven payment experiences.
The first phase, launching in Europe, including the UK, focuses on issuer readiness. Participating banks and financial institutions can test and validate agent-initiated transactions in controlled production environments, ensuring they remain secure, reliable, and scalable.
Visa’s trust layer integrates tokenisation, identity verification, risk controls, and biometric authentication to maintain consumer consent and protection throughout transactions.
Controlled testing with selected merchants allows issuers to gain practical experience of agentic commerce in real-world settings. Early participants, including Barclays, HSBC UK, Revolut, and Banco Santander, help Visa test and refine safe AI-driven payments across channels.
The programme advances Visa’s vision of AI-driven commerce, enabling flexible payments while keeping consumers in control. Expansion beyond Europe is planned, leveraging lessons from the initial rollout to accelerate agentic commerce globally.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
BTQ Technologies has deployed Bitcoin Improvement Proposal BIP-360 on its Bitcoin Quantum Testnet v0.3.0, marking the first live test of the proposal. The upgrade introduces a quantum-resistant transaction model, Pay-to-Merkle-Root, designed to strengthen Bitcoin’s long-term security.
BIP-360 focuses on mitigating a vulnerability linked to Taproot’s key-path spending mechanism, which can expose public keys on-chain. Such exposure may become a risk if future quantum computers are capable of exploiting cryptographic weaknesses using advanced algorithms.
The testnet adds new consensus rules, post-quantum signatures, and full transaction lifecycle testing. Faster one-minute block times and adjusted fee structures have been introduced to accommodate larger and more complex signatures.
Growing global attention on quantum threats adds urgency to the development. US, EU, and Canadian authorities are setting timelines for post-quantum cryptography to protect future system security.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Tether has launched an AI framework that runs large language models on smartphones and non-NVIDIA GPUs. The system is part of its QVAC platform and uses Microsoft’s BitNet architecture, along with LoRA techniques to reduce memory and computational requirements.
The framework enables cross-platform training on AMD, Intel, Apple Silicon, and mobile GPUs, allowing models with up to 1 billion parameters to be fine-tuned on phones in under 2 hours.
Larger models with up to 13 billion parameters are also supported on mobile devices. BitNet’s 1-bit architecture reduces VRAM requirements by nearly 78%, enabling larger models to run on limited hardware.
Performance improvements benefit inference, with mobile GPUs outperforming CPUs, enabling on-device training and federated learning. By reducing reliance on cloud infrastructure, the system offers more flexible AI development for distributed environments.
Tether’s expansion into AI mirrors a broader trend in the crypto sector, where companies are investing in AI infrastructure, autonomous agents, and high-performance computing.
Industry activity includes record revenue growth for AI and HPC operations, blockchain-integrated AI agents, and new tools for secure on-chain transactions.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
The US Securities and Exchange Commission and the Commodity Futures Trading Commission issued joint guidance confirming that most crypto assets are not securities. Move marks a coordinated effort to clarify how digital assets are classified and regulated across the US.
New interpretation establishes a clearer framework, distinguishing between securities and commodities. While tokens linked to investment contracts may fall under securities laws, many assets can transition out of that category over time, reducing long-standing legal uncertainty.
Earlier approaches relied on enforcement and court rulings, leading to inconsistent treatment of similar assets. Updated guidance introduces defined categories, including utility tokens, stablecoins, collectables, and commodities, and aligns oversight between the two agencies.
Clearer rules are expected to support innovation and reduce compliance risks for firms. Guidance supports broader efforts to build a unified digital asset framework, advancing more predictable and structured crypto regulation in the US.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Australia is advancing plans to regulate digital asset platforms under its financial services framework. The Senate committee recommended passing the Digital Assets Framework Bill 2025, bringing Australia closer to licensing crypto exchanges and tokenisation platforms.
Industry groups have raised concerns about definitions such as ‘digital token’ and ‘factual control.’ Broad wording could inadvertently cover infrastructure providers, including multi-party wallet systems, potentially classifying them as financial service operators.
Ripple Labs emphasised the need for precise language to avoid unintended regulation.
The committee supported the Treasury’s approach while planning to refine technical details through future regulations. Coinbase welcomed the progress but noted ongoing banking challenges for crypto firms.
The bill now proceeds to the Senate for debate and a final vote, which could reshape digital asset operations in Australia.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
Australia’s financial regulator has warned young investors to be cautious with social media influencers and AI chatbots. A survey by the Australian Securities and Investments Commission found one in four Gen Z Australians invest in crypto, often guided by online content.
The survey of 1,127 participants aged 18 to 28 showed 63% use social media for financial information, 18% rely on AI platforms, and 30% consult YouTube. AI was the most trusted source at 64%, but over half still trust influencers and social media despite possible misinformation.
ASIC previously issued warnings to 18 influencers suspected of promoting high-risk products without a licence. Commissioner Alan Kirkland said some social media marketing promotes crypto scams or risky super switches that threaten young people’s key assets.
The regulator is also watching AI financial guidance. Personalised advice from unlicensed sources is illegal, and young investors should carefully check sources, especially as crypto exchanges increasingly use AI bots for trading guidance.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
The European Central Bank (ECB) has unveiled Appia, a strategic roadmap for developing Europe’s tokenised financial ecosystem anchored in central bank money. The initiative aims to guide the shift from traditional finance to tokenised markets while ensuring stability and interoperability.
A key component of Appia is Pontes, the Eurosystem’s distributed ledger technology (DLT) settlement solution. Pontes, set for Q3 2026 pilots, will enable central bank money transactions and connect DLT infrastructures with the Eurosystem’s TARGET2, T2S, and TIPS services.
The ECB has opened a public consultation inviting feedback and proposals from both public and private sector stakeholders. Respondents’ input will help refine the roadmap and shape the long-term blueprint for Europe’s tokenised financial system.
Appia also complements ongoing efforts on the digital €, with payment service provider selection planned for 2026 and a 12-month pilot trial in the second half of 2027.
The initiative highlights the ECB’s commitment to integrating emerging technologies while preserving financial stability.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
A new Android malware called BeatBanker is targeting users in Brazil through fake Starlink and government apps. The malware hijacks devices, steals banking credentials, tampers with cryptocurrency transactions, and secretly mines Monero.
Infection begins on phishing websites mimicking the Google Play Store or the ‘INSS Reembolso’ app. Users are tricked into installing trojanised APKs, which evade detection through memory-based decryption and by blocking analysis environments.
BeatBanker initially combined a banking trojan with a cryptocurrency miner. It uses accessibility permissions to monitor browsers and crypto apps, overlaying fake screens to redirect Tether and other crypto transfers.
A foreground service plays silent audio loops to prevent the device from shutting down, while Firebase Cloud Messaging enables remote control of infected devices.
The latest variant replaces the banking module with the BTMOB RAT, providing full control over devices. Capabilities include automatic permissions, background persistence, keylogging, GPS tracking, camera access, and screen-lock credential capture.
Kaspersky warns that BeatBanker demonstrates the growing sophistication of mobile threats and multi-layered malware campaigns.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
