Home
News
Details

Brazil Tests Blockchain for Public Real Estate Auctions to Prevent Fraud

iconCoinEdition
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Brazil is testing blockchain for public real estate auctions to enhance transparency and Countering the Financing of Terrorism. The TCE-SP will oversee the pilot, which logs auction documents for ten state-owned warehouses. Nordeste Leilões and InspireIP are using cryptographic sealing to ensure data immutability. The initiative aligns with Brazil’s regulatory push, including the Legal Framework for Crypto Assets and new AML rules for digital asset providers, supporting liquidity and crypto markets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.