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Brazil Central Bank Announces Tougher Rules for Fintechs

The move is expected to affect companies such as credit card issuer Nubank, payment company PagSeguro, financial technology solutions firm StoneCo and digital wallet PicPay.


El Salvador Bitcoin Transfers Soar, but Still a Fraction of Dollar Remittances

Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars.