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.
Coinbase and SoftBank have participated in a $26-million funding round for Latin America’s largest crypto asset management firm.
Major Brazilian crypto asset manager secures $26M in funding
The indie NFT platform is bringing an artist-first ethos to its design and events.
Tezos-native NFT platform H=N gains steam, launches World Art Day fundraiser
Investors could be mistakenly linking the bank with the 2017 Bitcoin hard fork, causing a spike in price and trading action.
‘Not a cheaper Bitcoin’ — Bitcoin Gold soars 173% as traders may be buying the wrong BTG
Gemini is providing custody services to the first Bitcoin fund issued by a Brazilian investment bank.
BTG Pactual’s new Bitcoin fund teams up with Gemini for custody
Dustin D. Trammell discusses the early days of BTC with Cointelegraph Brasil.
The first days of Bitcoin and Dustin D. Trammell’s emails with Satoshi Nakamoto
The Brazilian Stock Exchange (B3) approved the first crypto ETFs in Latin America and leading to a new milestone for the market.
Brazilian Stock Exchange approves two new crypto ETFs in Latin America
New Year Special
Cointelegraph Brasil invited some of the country’s top crypto and blockchain experts to chart the next steps for the market.
Crypto and blockchain: What the Brazilian market can expect for 2021