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.
Analysis
2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining t...
2021: A year of mass adoption for cryptocurrencies in Brazil
Lucas Caram
2022-01-15T16:03:00+00:00
8241
News
Rio de Janeiro mayor Eduardo Paes talked about Bitcoin with Miami mayor and BTC bull Francis Suarez at Rio Innovation Week.
Brazilian mayor to reportedly invest 1% of city reserves in Bitcoin
Helen Partz
2022-01-14T13:34:16+00:00
10258
News
After raising over $250 million from firms such as SoftBank last year, Brazil’s 2TM Group is expanding into Europe.
Mercado Bitcoin operator acquires Portuguese crypto exchange
Helen Partz
2022-01-12T09:47:51+00:00
3420
News
Brazil’s congress heard several proposals endorsing a tax exemption on miners and promoting cryptocurrency to the status of a national currency.
'Mecca of mining': Brazil considers zero tax on green Bitcoin mining
Brian Newar
2021-12-10T09:02:03+00:00
5076
News
The Latin American e-commerce platform selected Brazil to kick-off crypto payments via its MercadoPago application.
MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products
Ornella Hernández
2021-12-02T22:04:37+00:00
6346
News
The Series B builds off 2TM’s massive $200 million SoftBank-led raise in July, which catapulted the company to a $2.1 billion valuation.
Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status
Sam Bourgi
2021-11-30T12:30:00+00:00
3697
News
Mercado Bitcoin and Comerc plan to launch two separate tokens incentivizing renewable energy use.
Largest cryptocurrency exchange in Latin America to develop renewable energy tokens
Zhiyuan Sun
2021-11-09T18:00:00+00:00
5460
News
Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies.
Brazilian federal deputy proposes crypto payment option for workers
Arijit Sarkar
2021-11-07T06:34:45+00:00
36532

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