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.

Top News

Why is the crypto market down today?

Missing ‘Bitcoin Millionaire’ and ONFO coin co-creator found dead: Report

Why is XRP price up today?

Bitcoin fragments could become more valuable than full Bitcoins

Atomic Wallet exploited, users report loss of entire portfolios

As a payment institution, MB Pay will enable certain digital banking services to the crypto exchange’s users in the country.

Brazilian crypto exchange Mercado Bitcoin licensed as payment provider: Report

Ana Paula Pereira

2023-06-03T17:31:17+01:00

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Both national and global companies will participate in the upcoming pilot project of the Brazilian central bank digital currency.

Visa, Microsoft and others join Brazilian CBDC pilot

2023-05-26T09:05:07+01:00

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Binance’s partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil.

Binance provider in Brazil gets payment institution approval

Ana Paula Pereira

2023-05-20T16:35:41+01:00

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While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry ...

Where crypto can grow: Digital asset regulations around the world

2023-04-28T15:01:00+01:00

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The Brazilian SEC has reportedly turned over screenshots from Binance’s Brazilian website with instructions for evading a stop placed on futures trading on the ...

Brazilian authorities investigate Binance for guiding clients past stop order: Report

2023-04-20T17:39:26+01:00

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The new U.S. dollar-pegged stablecoin aims to help BTG Pactual’s customers interact between the traditional financial system and the digital economy.

Brazil bank BTG Pactual to issue USD-pegged stablecoin

2023-04-04T13:48:33+01:00

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A top Russian official has reportedly claimed that the countries of the BRICS alliance — Brazil, Russia, India, China and South Africa — are working on creating...

Russia talks up prospects of BRICS countries developing new currency

2023-03-31T06:50:07+01:00

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Brazilians will have more options for trading in crypto and better customer service as the United States-based exchange partners with the popular instant paymen...

Coinbase teams up with Brazilian central bank’s Pix to offer expanded services

2023-03-21T22:01:45+00:00

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