New Year Special
Cointelegraph Brasil invited some of the country’s top crypto and blockchain experts to chart the next steps for the market.
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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.
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Leading Brazilian exchange Mercado Bitcoin has announced a regional expansion, naming Chile, Mexico, and Argentina as likely destinations.
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Argentinian crypto firm Ripio has acquired Brazil’s BitcoinTrade, Brazil's second-largest exchange by volume.
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Blockchain will streamline trade from Europe’s grain belt.
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Brazilian soccer club CR Vasco da Gama and crypto exchange Mercado Bitcoin are looking to tokenize early-career transfers in the soccer world.
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The government of Brazil requested assistance from US authorities regarding a crypto fraud scheme called “Operation Egypto.”
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Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of its central bank.
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Brazilian Minister defends IPO of federal digital bank created to aid population during pandemic
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Two massive companies have teamed to create a blockchain platform to manage the agriculture sector and its first test was in Brazil
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In the midst of a country-wide COVID-19 vaccination effort, Brazil looks to add blockchain-based tracking to the equation.
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The move is intended to prevent “laundering” cattle from sanctioned farms.
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Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange.
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A central bank digital currency in Brazil may be inevitable.
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Discussing a use case that the Brazilian government started developing last year: a digital identity solution called FinID.
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Brazil’s central bank believes you’ve got to change money, to save money.
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