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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?

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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

The Brazilian non-profit Alinha Institute launches the blockchain-based Alinha Tag to track clothing through the supply chain for ethical workplace practices.

Brazilian Non-profit Tags Clothes for Workplace Abuse Using Blockchain

2019-08-03T21:53:00+01:00

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Starting today, Aug. 1, entities and individuals in Brazil must report their crypto transactions with the country’s tax authority.

Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today

2019-08-01T16:13:00+01:00

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Fortaleza, a major city of northeast Brazil, will start accepting Bitcoin as payment for bus tickets by the end of 2019.

Bitcoin and Crypto Now Accepted for Bus Tickets in Fortaleza, Brazil

2019-07-30T12:59:00+01:00

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The president of a major Brazilian trade association said that a proposed tax reform could invite people to turn to crypto to evade taxes.

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto

2019-07-25T22:40:00+01:00

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A judge in Brazil has ordered crypto exchange’s to provide user data on four suspects connected to the anti-corruption Operation Car Wash case.

Brazil: Crypto Exchanges Dragged Into Major Anti-Corruption Case

2019-07-25T21:12:00+01:00

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Enterprise blockchain tech firm R3 partnered with Brazilian digital bank Banco Maré to launch a stock exchange listing shares of startups.

R3 to Support a Startup-Focused Stock Exchange in Brazil

2019-07-16T17:15:00+01:00

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A federal deputy and member of the former royal family of Brazil spoke out against proposed crypto regulation in the National Congress.

Brazil: Member of Former Royal Family Speaks Out Against Crypto Regulation

2019-07-15T23:15:00+01:00

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The Brazilian state of Bahia announced an agriculturally-focused blockchain app, designed to make bidding for government contracts transparent.

Brazilian State Launches Blockchain Platform for Government Contract Bids

2019-07-13T01:22:00+01:00

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