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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.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Cointelegraph Brasil presents a weekly digest of selected cryptocurrency- and blockchain-related news.

Crypto News From Brazil: Sept. 2–8 in Review

2019-09-08T22:48:00+01:00

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Rainforest Foundation US has reached out to the crypto community to help fight against deforestation and forest fires in the Brazilian Amazon.

Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon

2019-09-05T01:40:00+01:00

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The municipal government of São Paulo will use a blockchain registry for public works projects, as the current system can purportedly be opaque and inefficient.

City of São Paulo to Use Blockchain Registry for Public Works

2019-09-02T01:26:00+01:00

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Major expansion of payment systems in Brazil and no taxes on BTC transactions in Portugal in news of the week from Cointelegraph Brasil.

Crypto News From Brazil and Portugal: Aug. 24-31 in Review

2019-09-01T01:40:00+01:00

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Cielo, the largest credit card processing company in Brazil, recently announced support for cryptocurrency payments on its point-of-sale devices.

1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

2019-08-31T01:23:00+01:00

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The Central Bank of Brazil has adopted guidelines from the International Monetary Fund for classifying cryptocurrencies.

Brazil Central Bank Adopts IMF Guidelines for Crypto Classification

2019-08-26T21:34:00+01:00

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From Cointelegraph Brasil: regulators in the country have opened several enforcement actions against alleged crypto scams last week.

Crypto News From Brazil: Week in Review

2019-08-25T21:58:00+01:00

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Former richest man in Brazil has been arrested on suspicion of money laundering through Bitcoin trading in his wife’s name.

Eike Batista Arrested on Suspicion of Money Laundering Via Bitcoin

2019-08-08T22:40:00+01:00

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