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Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil
7.9.2021
Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market...
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...
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...
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 ‘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...
Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge
8.9.2020
Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs. Latin American Bitcoin Adoption Blockchain data analytics firm...
Brazil to Investigate Banks Denying Service for Crypto Companies
21.5.2020
Major Brazilian banks might get punished for excluding crypto companies from the local financial system
OTC Exchanges Help Thwart $5M Bank Heist in Brazil
10.5.2020
A $5 million hack that has baffled investigators in Brazil was thwarted with assistance from local OTC trading desks
Cryptocurrency is a Failure as a Currency Says Brazil's Banking Chief
27.3.2020
Bitcoin isn’t even much good as a store of value says the President of the Brazilian Banking Federation
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...
Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
15.2.2020
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due...
Brazilian Securities Regulator Bans Bitcoin, Forex Broker
25.9.2019
Brazilian financial authorities shut down a forex broker offering Bitcoin options
Brazilian Crypto Exchange Snubs Court Deadline to Fix Withdrawals
20.9.2019
Alleged financial pyramid, Atlas Quantum rejects court deadline to resolve delayed BTC withdrawals
1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments
31.8.2019
The largest credit card processing company in Brazil unveils support for crypto payment
President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’
6.6.2019
During an interview with Ratinho's SBT show, Brazilian President Jair Bolsonaro stated that he does not know what bitcoin is
Judge Freezes Funds in Accounts Belonging to Embattled Brazilian Crypto Firm
5.6.2019
A Sao Paulo court has blocked funds in bank accounts linked to Grupo Bitcoin Banco, with 726,630 reals ($188,000) frozen
Brazil Establishes Committee for Cryptocurrency Regulation
31.5.2019
The President of the Chamber of Deputies of Brazil has ruled to create a commission to consider cryptocurrency regulation in the country