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
Central bank head Roberto Campos Neto recognizes the demand for greater crypto regulation as the country evolves in the market.
Brazil’s central bank president endorses crypto regulation
Tom Farren
2021-08-20T13:46:21+01:00
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Hashdex has promised to invest a portion of the assets managed by its new BITH11 ETF into carbon credits and green tech.
New Brazilian Bitcoin ETF pledges carbon neutrality
Martin Young
2021-08-09T05:36:29+01:00
4367
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The fund, which will trade on Brazil’s B3 stock exchange, uses custodial services provided by the Winklevoss twins’ United States-based Gemini.
Brazilian securities regulator approves Ether ETF
Marie Huillet
2021-07-14T11:45:02+01:00
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The alleged fraudster’s crypto brokerage filed for bankruptcy in 2019 after claiming to have been the victim of a hack.
Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC
Brian Quarmby
2021-07-06T07:22:42+01:00
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Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3.
Asset manager QR launches Bitcoin ETF on Brazilian stock exchange
Helen Partz
2021-06-24T12:10:54+01:00
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Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway's investment may indicate the firm is more open to ...
Berkshire Hathaway invests $500M in Brazilian digital bank
Turner Wright
2021-06-08T17:45:00+01:00
16636
News
An increasing number of Latin American lawmakers are donning Lazer eyes on their Twitter avatars to express their support for Bitcoin and digital assets.
Latin lawmakers don lazer eyes on Twitter in support of Bitcoin
Brian Quarmby
2021-06-08T05:08:31+01:00
15787
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OKEx, Crypto.com, and LocalBitcoins have integrated Brazil’s PIX instant payments system.
OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer
Samuel Haig
2021-05-28T06:16:59+01:00
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