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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

The biggest brokerage firm in Brazil, Grupo XP, is planning to launch a crypto exchange in the coming months.

Largest Brazilian Brokerage to Launch Exchange for Bitcoin and Ethereum

2018-09-22T02:17:00+01:00

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Albert Heijn, Holland’s largest supermarket chain, has revealed it is using blockchain for its own-brand “sustainable” orange juice’s supply chain.

Dutch Supermarket Giant Adopts Blockchain to Make Orange Juice Production Transparent

2018-09-21T18:34:00+01:00

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Brazil’s antitrust authority has reportedly launched an investigation into six major banks on alleged monopolistic activity in crypto markets.

Reuters: Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade

2018-09-19T04:09:00+01:00

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The Indian government has approved an MOU on the joint research of blockchain technology application under the BRICS Interbank Cooperation Mechanism.

India Approves MOU on Joint Blockchain Research with BRICS Members

2018-09-12T23:36:00+01:00

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Crypto trading platform Atlas Quantum admitted a major leak in their database that has reportedly affected more than 261,000 customers.

Brazilian Crypto Platform Atlas Quantum Reveals Data Breach Affecting 260K Customers

2018-08-27T20:30:00+01:00

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Major banks from BRICS member states; Brazil, Russia, India, China, and South Africa, will study blockchain tech implementation.

BRICS Summit: Major Banks From Member States Sign MoU on DLT Research

2018-07-27T00:34:00+01:00

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The central bank of Brazil has created a blockchain platform, currently in testing, that would link financial regulators and promote data sharing.

Brazil’s Central Bank Develops Blockchain Data Sharing Platform for Financial Regulators

Molly Jane Zuckerman

2018-06-21T00:28:00+01:00

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From friendly Canada to bans in Chile and Bolivia.

Banks And Cryptocurrencies Global Evaluation: Americas

Christina Georgacopoulos

2018-05-01T21:25:00+01:00

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