The creation of a new cryptocurrency for BRICS member nations was discussed at the 11th annual BRICS Summit 2019.
Brazil News
The Federative Republic of Brazil is a country in South America with a population of two hundred eight million and has the largest area in both Latin America and South America. Brazil has a large economy with the eighth-largest gross domestic product (GDP) but a small GDP per capita and poor positions in human-development and crime, with one of the highest levels of homicide and violence. Brazil has no strict regulations towards Bitcoin. Bitcoin in Brazil operates under Law No. 12,865 that was enacted in October 2013. Bitcoin is considered an electronic currency – “resource, stored on a device or electronic system that allows user to perform a payment transaction”. Bitcoin trades are not taxable in Brazil, but operations with blockchain-based currencies are discouraged by financial authorities, such as the Central Bank of Brazil, due to their high operational risks.
- News
- Local News
by Joeri Cant
Cointelegraph Brasil presents a weekly digest of selected cryptocurrency- and blockchain-related news.
- Local News
by Joeri Cant
Cointelegraph Brasil presents a weekly digest of selected cryptocurrency- and blockchain-related news.
- News
We got the congressional documents that explain why this is happening.
- News
by Helen Partz
Ripple, Coinbase invested an undisclosed amount in the first Mexican crypto exchange to help it expand to Brazil and Argentina.
- Local News
by Helen Partz
CEO of alleged pyramid scheme Atlas Quantum flees Brazil in Cointelegraph’s weekly digest of news from the country.
- Local News
by Helen Partz
Several Brazilian cryptocurrency firms are under investigation in Cointelegraph’s weekly digest of news from the country.
- News
by Helen Partz
Major Slovakia-based antivirus software provider ESET has discovered a Latin American banking trojan that can steal crypto.
- News
Allegations by Atlas Quantum are unfounded, HitBTC officials say, pointing to incorrect balance formatting in a publicity video.
- Investigation
by Aaron Wood
The CEO of crypto firm Grupo Bitcoin Banco, which froze clients’ funds in May, disclosed owning 25K Bitcoin.
- Local News
by Joeri Cant
Cointelegraph Brasil presents a weekly digest of selected cryptocurrency- and blockchain-related news.
- News
Brazilian financial regulators have banned a forex company that was also offering Bitcoin options.
- Expert Take
The Central Bank of Brazil considers crypto assets in the trade balance, following part of the IMF’s guidelines.
- News
by Joeri Cant
Brazilian crypto exchange branded as a financial pyramid Atlas Quantum rejects court deadline to resolve its late Bitcoin withdrawal situation.
- Local News
by Joeri Cant
Cointelegraph Brasil presents a weekly digest of selected cryptocurrency- and blockchain-related news.
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