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The Nexus
SECURITYJun 21 · 15:30 UTCTHE RIO TIMESRafael Silva Santos

Brazil Goes After the Money Behind Illegal Betting, Putting Fintechs on Notice

Brazil's government, under President Lula, has signed a decree allowing the freezing and seizure of funds from illegal betting operators. The government has identified 37 financial firms, mostly fintechs and payment companies, involved in moving money for these operations.

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BrazilplaceLulapersonDecree 13.033topicfinancial firmstopicfintechstopicpayment companiestopicillegal bettingtopic
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