News
The penalties are part of a new piece of legislation that also regulates crypto trading and payments.
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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
“We are looking at it and evaluating the best ways to interact and participate in this ecosystem,” a B3 executive said.
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Initially supporting only BTC and ETH, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins.
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Visa Brazil executive outlines plans for implementing crypto assets such as Bitcoin onto the payments platform.
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Central bank head Roberto Campos Neto recognizes the demand for greater crypto regulation as the country evolves in the market.
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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.
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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.
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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.
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Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3.
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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 the idea.
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An increasing number of Latin American lawmakers are donning Lazer eyes on their Twitter avatars to express their support for Bitcoin and digital assets.
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OKEx, Crypto.com, and LocalBitcoins have integrated Brazil’s PIX instant payments system.
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Coinbase and SoftBank have participated in a $26-million funding round for Latin America’s largest crypto asset management firm.
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The indie NFT platform is bringing an artist-first ethos to its design and events.
11922 - Altcoin Watch
Investors could be mistakenly linking the bank with the 2017 Bitcoin hard fork, causing a spike in price and trading action.
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