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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

Grupo Bitcoin Banco has recently been embroiled in a security breach that saw customers withdraw money that did not exist.

Judge Freezes Funds in Accounts Belonging to Embattled Brazilian Crypto Firm

2019-06-05T14:13:00+01:00

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Brazil’s National Bank for Economic and Social Development will finance the production of a documentary using its BNDES token.

Brazilian State-Owned Bank Funds Documentary via Its Own Ethereum-Based Token

2019-06-03T15:13:00+01:00

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The President of the Chamber of Deputies of Brazil has ordered to establish a commission to consider cryptocurrency regulation in the country.

Brazil Establishes Committee for Cryptocurrency Regulation

2019-05-31T22:31:00+01:00

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Figures linked to Indeal took in huge amounts of clients’ money after promising 15% returns within a month, say authorities.

Brazil Shuts Down Cryptocurrency Pyramid Scheme That Defrauded 55,000 of $200 Million

2019-05-22T11:43:00+01:00

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Latin America-based cryptocurrency startup Ripio has launched a trading platform, including an over-the-counter desk.

South American Startup Ripio Rolls Out Crypto-Fiat Exchange and OTC Desk

2019-05-16T19:54:00+01:00

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Prominent Brazlian bank Banco Bradesco has become the latest institution to join R3’s Marco Polo international blockchain network for trade finance.

Major Brazilian Bank Bradesco Joins R3 Corda-Powered Global Trade Finance Network

2019-05-14T10:30:00+01:00

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Brazilian police have arrested a man for operating a clandestine drug laboratory and money laundering using the leading cryptocurrency bitcoin.

Brazilian Police Arrest Suspect for Money Laundering With Bitcoin

2019-04-24T20:00:00+01:00

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The largest e-commerce company in Latin America, Mercado Livre, has prohibited cryptocurrency advertising on their website.

Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

2019-03-22T23:20:00+00:00

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