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Brazilian Securities Watchdog Demands Changes in Cryptocurrency Bill
11.9.2022
The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including...
Latin America is ready for crypto — just integrate it with their payment systems
11.9.2022
Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry
Brazil Exceeds 1M Registered Crypto Users in July for First Time as Number Grows 68% in a Month
8.9.2022
The figure excludes international exchanges, which aren’t obliged to disclose the information to the local tax authority
Brazilians Spent Almost USD 1Bn on Crypto in May, Digital Real Pilot to Begin in 2023
7.9.2022
Brazilians have spent more money than ever buying cryptoassets this year – and in May shattered previous spending records by shelling out a combined USD 912 million on coins.
Per the media outlet Portal de Bitcoin, the data was released by the nation’s Central Bank, which is yet to compile...
Brazilian Tax Authority Registers Record Number of Cryptocurrency Statements
7.9.2022
The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise...
Last-gasp Brazilian Securities Regulator Intervention Could Scupper MPs’ Efforts to Police Crypto
6.9.2022
Brazilian markets regulator says it wants to play a leading role in regulating crypto – in a move that could derail parliamentarians’ own attempts to regulate the sector.
Per the financial arm of the newspaper giant Globo, the Brazilian Securities and Exchange Commission, known locally as the...
Crypto Exchange Bybit Barred From Brokering Securities in Brazil
5.9.2022
According to the CVM, Brazil's stock exchange B3 is the only one authorized to intermediate securities in the South American country
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes
3.9.2022
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September...
Brazilian SEC seeks to change its role in cryptocurrency regulation
2.9.2022
Resistant to overseeing the space in the past, the agency said it now plans to work on the definition of virtual assets
Bitcoin is for those in need, the rest need time to learn: Surfin Bitcoin Panel
31.8.2022
A panel discussion hosted at Surfin Bitcoin, France, illustrated that while Bitcoin works for those in need, more education is required
Adoption Picks up Pace in LATM with Brazilian Central Bank’s DeFi Project & Developments in Argentina
30.8.2022
Crypto adoption is on the march in Brazil, where the nation’s Central Bank has commissioned a commercial banking giant to build a DeFi solution for its prototype central bank digital currency (CBDC). Meanwhile, across the border in Argentina, a city says that it will accept tax payments made using...
Brazil’s Largest Private Bank, Itaú, Selected by Central Bank to Develop a DeFi Liquidity Pool
29.8.2022
The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory
Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution
29.8.2022
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part...
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
27.8.2022
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps...
Ripio Launches Visa Bitcoin Cashback Crypto Card in Brazil
26.8.2022
The Argentinian crypto firm Ripio has unveiled a Visa card in Brazil that lets its users pay in crypto – and receive bitcoin (BTC) cashback rewards. The card is a prepaid debit card that can be used with any merchant who accepts Visa payments.
The card will be compatible with all 28 of the tokens...
Brazil’s Senate Seeking to Hire Crypto and Blockchain Experts to Advise It on Policy
25.8.2022
The Brazilian Senate wants to recruit experts with advanced knowledge of cryptoassets and blockchain technology – likely in a bid to help it better form legislation for the nation’s fledgeling crypto industry....
Read More: Brazil’s Senate Seeking to Hire Crypto and Blockchain Experts to Advise...
Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam
25.8.2022
Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend...
Second Biggest Brazilian Bank Bradesco Not Interested in Crypto, Alleges It Is Still ‘Very Small’
24.8.2022
Bradesco, one of the biggest banks in Brazil, has stated it does not have plans to enter the cryptocurrency market in the near future. In an interview, Bradesco CEO Octavio de Lazari Junior stated that the company was currently not interested in launching crypto services to its customers...
Latin American Crypto Firm Ripio Launches Prepaid Crypto Card in Brazil
23.8.2022
Payments can be made in any of 28 different cryptocurrencies, and the card also offers 5% cashback rewards in bitcoin
LATAM’s New Crypto Mining ‘Promised Land’: Pluses & Minuses for Paraguay
23.8.2022
Paraguay has become a “new Latin American Mecca for cryptocurrency mining,” a new report has claimed – but not everyone seems to be happy about the fact that more miners than ever are choosing to set up shop in the nation....
Read More: LATAM’s New Crypto Mining ‘Promised Land’: Pluses & Minuses...