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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

Japan and Brazil are the target of a new cryptocurrency-based remittance service based on Ripple.

Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil

2018-11-13T09:57:00+00:00

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Tether’s new Bahamas-based banking partner is possibly involved in $25 million money laundering case being investigated by federal prosecutors in Sao Paulo.

Brazil: Tether's New Banking Partner Deltec Suspected of Accepting Laundered Funds

2018-11-06T19:20:00+00:00

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The Department of Federal Revenue of Brazil could require individuals and legal entities to send monthly detailed reports on crypto transactions.

Brazilian Tax Regulator Publishes Draft on Cryptocurrency Taxation

2018-11-02T08:16:00+00:00

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Banco do Brasil and Santander reopen accounts of Brazilian crypto exchange Bitcoin Max following the preliminary court injunction.

Two Brazilian Banks Reopen Accounts of Local Crypto Exchange to Avoid Fines

2018-10-31T12:01:00+00:00

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Berkshire Hathaway – whose CEO and chairman is outspoken Bitcoin critic Warren Buffett – has invested around $600 million in two fintech payment firms.

Warren Buffett’s Holding Invests $600 Mln in Fintech Firms Focused on Emerging Markets

2018-10-30T15:22:00+00:00

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Brazilian presidential candidate Fernando Haddad has announced his campaign will use blockchain technology to distribute his policy positions and plans for the ...

Brazilian Presidential Candidate Uses Blockchain to Publish Government Plan

2018-10-16T22:05:00+01:00

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Iranian cyber researchers have delivered statistics about Coinhive malware infections worldwide, with Iran ranking fourth place.

Brazil Tops List of Cryptojacking Coinhive Victims, Iranian Cybersecurity Authority Warns

2018-10-10T12:42:00+01:00

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Brazil’s antitrust regulator has obliged 10 crypto exchanges to answer questions about issues with their bank accounts.

Brazil: Antitrust Watchdog Sends Questions to Crypto Exchanges After Bank Account Closures

2018-10-03T18:35:00+01:00

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