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Brazil’s oldest bank allows residents to pay their taxes using crypto
12.2.2023
The move will allow Brazilian taxpayers to easily settle their tax liabilities, meanwhile expanding "access" to the digital asset ecosystem
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real
10.2.2023
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation...
Brazil: $193m ‘Crypto Pyramid’ Firm Declared Bankrupt
8.2.2023
Indeal, the Brazilian company behind a suspected crypto pyramid scheme worth some $193 million, has declared bankruptcy.
The firm was at the heart of a major police operation back in May 2019. The police dubbed their operation Operation Egypt and worked in conjunction with the nation’s tax agency...
Brazil to Grant Prosecutors, Police New Crypto Confiscation Powers
6.2.2023
The Brazilian government looks set to grant the nation’s prosecutors, courts, and police officers new powers to confiscate crypto.
According to an official release from the Attorney General, the nation’s Federal Public Ministry (MPF) has prepared a draft crypto “guide” for prosecutors and...
Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets
6.2.2023
Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of €15 million (about $16.2 million), would allow Capitual to start...
Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion
1.2.2023
Leading crypto exchange Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam. The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of...
Opinion: Have Brazil’s Lula and Argentina’s Fernandez heard of cryptocurrency?
31.1.2023
Brazil’s Luiz Inácio Lula da Silva and Argentina’s Alberto Fernández want to create a “common currency.” It sounds suspiciously like a state-controlled cryptocurrency
Panamanian Crypto Bill Might Get a Second Wind in the Highest Court of the Country
31.1.2023
The fate of the Panamanian crypto bill project, which was approved by the Panamanian National Assembly last year, now depends on the decision of the supreme court of the country. The sanction of the project, which was vetoed by President Laurentino Cortizo, is now in the hands of the court after...
Mastercard, Binance to launch their second prepaid crypto card in Latin America
31.1.2023
Crypto adoption and usage in Brazil are higher than the global average
Binance Partners With Mastercard to Launch Prepaid Crypto Card in Brazil
30.1.2023
The card will allow payments with 13 cryptocurrencies, including bitcoin, ether and Binance USD
Sao Paolo Introduces Blockchain in Data Access Law
28.1.2023
The Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in...
Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries
25.1.2023
President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed this currency would be used to settle cross-border payments between the two countries and also...
Elon Musk Praises Reports on Latam Common Digital Currency: ‘Probably a Good Idea’
25.1.2023
Elon Musk, CEO of Twitter, SpaceX, and Tesla, has given his opinion about the latest reports on the creation of a common currency in Latam, to be initially worked on by Argentina and Brazil. Musk stated that this move would be “probably a good idea,” commenting on the topic on social...
Brazil and Argentina to Start Working on Creation of Latam Common Currency
24.1.2023
Brazil and Argentina are looking to begin work on the issuance of a common currency. Sergio Massa, minister of the economy of Argentina, also stated that the two countries will be inviting other nations in the area to join this economic integration project in the future. Brazil and Argentina...
Brazil and Argentina Want to Create a New Currency, Bitcoiners Suggest Adopting BTC
24.1.2023
Brazil and Argentina are mulling the co-creation of a common currency – but bitcoiners have suggested they adopt bitcoin (BTC) instead.
Over the weekend, the Financial Times reported that ministers in the nations said the proposed currency would “at first run in parallel with the Brazilian real...
Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction
23.1.2023
Coinbase CEO Brian Armstrong tweeted that BTC may be the “right long-term bet” for the two South American countries currently seeking a common currency
Crypto Users in Brazil, India Set for Boost from Latest Samsung Wallet Rollout
20.1.2023
Samsung has announced the rollout of its crypto wallet-linkable mobile payments solution – Samsung Wallet – in Brazil, India, Malaysia, and five other countries.
Per an official Samsung release and a report from Brazil’s Livecoins, the firm will also unveil the service to users in Australia...
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
19.1.2023
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan...
Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case
18.1.2023
A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, received almost $2,000 in damages...
Brazil’s Second-Largest Private Bank Launches First Tokenized Credit Note
16.1.2023
Bradesco carried out the operation as part of a regulatory sandbox promoted by the South American country's central bank