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In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
21.2.2020
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims...
Brazilians Make 2.5 Million Crypto Transactions in Just 8 Weeks
3.12.2019
Cryptocurrency usage rates continue to soar in Brazil, despite the recent introduction of tax laws that require traders and investors to declare their Bitcoin and altcoin transactions.
Per media outlet G1, Brazilian tax authority the Receita Federal (the Department of Federal Revenue) has released...
Over 55,000 Brazilians Conned For $200 Million By Fake Cryptocurrency, As Crypto Frauds Refuse To Die
23.5.2019
Crypto related frauds continue to be a headache for the market. Another one pops out its head from Brazil, where a fake cryptocurrency scams over 55,000 investors. The estimated fraud value is said to be over $200 million. The primary for crypto scams has been the lack of awareness among investors....