News
Local authorities reopen the case against lenders who reportedly refuse to work with cryptocurrency firms.
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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.
- Expert Take
Advantages and challenges in the usage of blockchain in digital services provided by governments: Overview with a close look at Brazil.
5933 - News
When Brazil’s central bank lowered its interest rates to 3%, potentially driving out some investors, it may have opened the doors for BTC.
11553 - News
A $5 million hack that has baffled investigators in Brazil was thwarted with assistance from local OTC trading desks.
33340 - Expert Take
To gain transparency and consumer safety, the food-processing and meatpacking plants are implementing blockchain technology to their operation services.
10467 - News
Four Brazilian financial regulators are teaming up to aggregate data using blockchain technology to streamline the screening of politicians and corporations.
1662 - News
Cointelegraph spoke to cLabs’ Xochitl Cazador to find out about Celo’s community grants and the network’s plans for 2020.
3512 - News
Bitcoin investment platform XDEX, founded by partners of Brazil’s largest investment broker in LatAm, XP Investimentos announced its closure.
5997 - News
Brazil’s banking chief argues that crypto is a failure as a currency — but in neighbouring Venezuela it has already ‘changed the destiny of an entire country’.
3485 - News
Binance has rolled out peer-to-peer crypto trading with five new Latin American fiat currencies.
4828 - News
Alibaba has registered a patent in Brazil that aims to establish a blockchain-based transaction system.
7169 - News
André Figer, vice president of one of the largest sporting career management companies in Brazil, has his eyes firmly set on tokenizing soccer players.
2505 - News
Brazil opens up to the possibility of implementing Blockchain technology to issue university diplomas and prevent fraud.
2315 - News
Legendary soccer player Ronadinho Gaúcho, now under investigation for involvement in Bitcoin pyramid schemes, was detained with falsified passports.
6450 - Analysis
Brazil’s PIX will cut out payment intermediaries, enabling peer-to-peer and business-to-business transactions in seconds.
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