Former richest man in Brazil has been arrested on suspicion of money laundering through Bitcoin trading in his wife’s name.
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
- News
by Kollen Post
The Brazilian non-profit Alinha Institute launches the blockchain-based Alinha Tag to track clothing through the supply chain for ethical workplace practices.
- News
by Helen Partz
Starting today, Aug. 1, entities and individuals in Brazil must report their crypto transactions with the country’s tax authority.
- News
by Helen Partz
Fortaleza, a major city of northeast Brazil, will start accepting Bitcoin as payment for bus tickets by the end of 2019.
- News
by Helen Partz
The president of a major Brazilian trade association said that a proposed tax reform could invite people to turn to crypto to evade taxes.
- News
A judge in Brazil has ordered crypto exchange’s to provide user data on four suspects connected to the anti-corruption Operation Car Wash case.
- News
by Helen Partz
Enterprise blockchain tech firm R3 partnered with Brazilian digital bank Banco Maré to launch a stock exchange listing shares of startups.
- News
A federal deputy and member of the former royal family of Brazil spoke out against proposed crypto regulation in the National Congress.
- News
Brazilian coffee farming cooperative Minasul plans to issue a coffee-backed token.
- News
Brazil’s diplomatic academy, the Rio Branco Institute, will now require that candidates have knowledge of cryptocurrencies and blockchain.
- Analysis
by Samuel Haig
Turmoil over the leadership of the Brazilian Development Bank may pose challenges to cryptocurrency trials.
- Follow up
The Brazilian government has made several moves surrounding blockchain and its regulation in the past two weeks.
- News
Brazil's federal revenue agency has released new rules requiring that crypto trading platforms report on all crypto transactions carried out within their system...
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