News
The proposed law won’t necessarily make crypto legal tender in the country, but it’ll at least be a legally recognized financial asset for investments and other uses.
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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.
- News
In constructing its Real Digital, Brazil's central bank is developing mechanisms that can freeze citizens' conversion to CBDCs in the event of a bank run.
2627 - News
The university wants to explore important research questions around psychology, human behavior and augmented reality inside the metaverse.
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The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil's national currency.
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Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.
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Chief financial officer André Milanez said that the product will launch within the next si months.
2728 - News
The exchange, known as XTAGE, is currently scheduled to launch in Q2 2022.
2263 - News
In addition to buying Bitcoin, Nubank will offer BTC and ETH investment services to its more than 50 million customers.
6922 - Follow up
The crypto exchange previously announced the acquisition of blockchain infrastructure platform Bison Trails as well as the Routefire platform.
3863 - News
It’s a historic day for cryptocurrencies in Brazil, as the Senate has finally approved the country’s first bill aimed at regulating the crypto market.
10915 - Newsletter
Ripple rejoices, the SEC gets challenged to a narrative battle and Brazil moves ahead with crypto legislation.
1405 - News
The company has partnered with Bitso and Bitpay to allow its users to pay for orders with Bitcoin and other cryptocurrencies.
2505 - News
The law will allow the president of Brazil to designate or create a regulatory agency to oversee the crypto market.
15594 - News
The sovereign national digital currency will be based on the national fiat and would have a fixed supply quite similar to Bitcoin.
3590 - News
More than half of respondents in India, Brazil and Hong Kong made the first purchase of a cryptocurrency like Bitcoin in 2021.
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