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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

Google Trends data compiled by Blockchaincenter.net shows search interest in Bitcoin is highest in Kenya and Brazil.

Search Interest for Bitcoin Highest in Africa and South America

2020-06-16T06:43:00+01:00

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According to Ripple Head of Global Banking Marjan Delatinne, the company’s On-Demand Liquidity may soon be available in Brazil.

Ripple to Expand On-Demand Liquidity to Brazil ‘Very Soon’

2020-06-15T07:08:00+01:00

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Dash has announced a 104% rise in commercial payments through Q1 2020, along with increased adoption, trading volume and price performance.

Dash Sees 100% Rise in Commercial Payments Through Latin American Partnerships

2020-06-09T12:32:00+01:00

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Ripple continues to expand its presence in Brazil, holding a meeting with officials at the country’s central bank.

Ripple and Brazil’s Central Bank Hold Closed Meeting to Discuss ‘Institutional Matters’

2020-06-03T11:58:00+01:00

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Local authorities reopen the case against lenders who reportedly refuse to work with cryptocurrency firms.

Brazil to Investigate Banks Denying Service for Crypto Companies

2020-05-21T18:34:00+01:00

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Advantages and challenges in the usage of blockchain in digital services provided by governments: Overview with a close look at Brazil.

Blockchain as One of the Goals of Digital Government Strategy in Brazil

Tatiana Revoredo

2020-05-17T18:02:00+01:00

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When Brazil’s central bank lowered its interest rates to 3%, potentially driving out some investors, it may have opened the doors for BTC.

Post-Halving Report: Brazil Could be New ‘Demand Source’ for Bitcoin

2020-05-12T04:52:00+01:00

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A $5 million hack that has baffled investigators in Brazil was thwarted with assistance from local OTC trading desks.

OTC Exchanges Help Thwart $5M Bank Heist in Brazil

2020-05-10T06:00:00+01:00

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