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Law Project Establishes Period to Decide Cryptocurrency Regulations in Brazil
4.9.2021
A law project introduced in June in the National Congress of Brazil has jumped into the spotlight recently because it establishes a fixed period for the executive to start regulating cryptocurrency transactions. If approved, the proposal will establish the payment of taxes for cryptocurrency-based...
Central Bank of Brazil Researches Creation of Digital Real
3.9.2021
Fabio Araujo, a representative of the Central Bank of Brazil, talked about the possible development of a Digital Real at a public hearing before the Committee on Science, Technology, Innovation, Communication and Information Technology of the Brazilian Senate. Araujo clarified that the Digital Real...
Binance Free Withdrawals Promotional Offer Ends in Brazil
30.8.2021
For months, Binance has been allowing free withdrawals in Brazil for the purpose of promotions. However, it is likely to be discontinued soon. It was announced that Brazilians will now have to pay a certain amount per transaction. As per reports, from September 1, 2021, Binance will withdraw...
Brazil’s central bank president endorses crypto regulation
20.8.2021
Central bank head Roberto Campos Neto recognized the demand for greater crypto regulation as the country evolves in the market
Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering
17.8.2021
The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation...
Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide
15.8.2021
On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest...
Brazilian Court Sell $1.1 Million in Bitcoin Seized by Federal Police
9.8.2021
A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under...
New Brazilian Bitcoin ETF pledges carbon neutrality
9.8.2021
Hashdex has promised to invest a portion of the assets managed by its new BITH11 ETF into carbon credits and green tech
Brazilian Burger King Customers Can Now Purchase Meat-Flavored Dog Biscuits With Dogecoin
27.7.2021
According to regional reports, the Burger King franchise in Brazil has introduced a new type of food specifically made for canines called the “Dogeppr.” The new product is a dog biscuit that canine owners can purchase for their pets and the company is accepting dogecoin crypto payments...
Brazil Approves First Latam Based Ethereum ETF
16.7.2021
Regulators from the CVM, the securities watchdog of Brazil, have approved the first Ethereum-based ETF in Latin America (Latam). The product, presented by blockchain investment company QR Asset, aims to simplify the task of getting Ether exposure for retail and institutional investors. It will...
Brazilian securities regulator approves Ether ETF
14.7.2021
The fund, which will trade on Brazil's B3 stock exchange, uses custodial services provided by the Winklevoss twins' United States-based Gemini
Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud
6.7.2021
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which...
Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell
6.7.2021
After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises...
Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC
6.7.2021
The alleged fraudster’s crypto brokerage filed for bankruptcy in 2019 after claiming to have been the victim of a hack
Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin
2.7.2021
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that...
First Bitcoin ETF in Latam Debuts on Brazil Stock Exchange
26.6.2021
The first Bitcoin ETF in Latin America made its debut yesterday on the Brazil Stock Exchange. Presented by QR Capital, a Brazilian blockchain investment firm, the ETF seeks to simplify Bitcoin exposure for institutions and companies. The ETF was approved by Brazilian regulators and is currently...
Softbank Aids Atom Finance Raise $28M for Its Brazil Ops
24.6.2021
Latin American SoftBank invests in Atom Finance, an online investment platform, by raising $28 million on Wednesday, June 23, 2021, via its Series B funding or Latin America Fund 9984.T. The purpose of this investment is for expanding the latter’s investor base and establishing its Miami office...
Asset manager QR launches Bitcoin ETF on Brazilian stock exchange
24.6.2021
Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3
Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law
15.6.2021
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest...
Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank
10.6.2021
Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF)....