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.
Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America f...
Latin America is ready for crypto — Just integrate it with their payment systems
Resistant to overseeing the space in the past, the agency said it now plans to work on the definition of virtual assets.
Brazilian SEC seeks to change its role in cryptocurrency regulation
A panel discussion hosted at Surfin Bitcoin in France illustrated that while Bitcoin works for those in need, more education is required.
Bitcoin is for those in need, the rest need time to learn: Surfin Bitcoin panel
The rollout of Ripple’s fast and cheap On-Demand Liquidity payment service means that enterprises will no longer have to wait three to five days to settle costl...
Ripple partners with Travelex to launch enterprise crypto payment service in Brazil
XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre.
Brazil brokerage giant with 3.6M clients launches BTC and ETH trading
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin.
Brazilian payment app PicPay launches crypto exchange with Paxos
As the exchange rate gap between the US dollar and Argentinean pesos worsens, so does the possibility for Argentine footballers to get signed by international t...
Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn