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Cryptonews Tags Brazil

# Brazil (Page 5)

Based on the news coming from that country, Brazil seems to be leading the charge when it comes to the cryptocurrency boom rocking the South American markets. While the Latin American countries such as Venezuela fuel its crypto fever out of sheer economic necessity, Brazilian crypto scene seeks to break new financial and technological grounds. In 2019, one Brazilian cryptocurrency exchange managed to win a legal battle with a bank that had hoped to close its accounts. This was seen as an important victory at the time when the Brazilian government wants to rein in the crypto transactions and regulate the market at all costs.

Brazil’s Largest Lender Itau Unibanco Brings Bitcoin Trading Service to Clients
Itaú Unibanco, Brazil's largest private bank, has entered the crypto space with new trading service, per a Reuters report. The lender would first launch Bitcoin (BTC) and Ether (ETH) trading for clients of its investment platform. The bank’s crypto division head Guto Antunes said in an...
, by Sujha Sundararajan
Brazilian Senate OKs ‘15% Crypto Tax Rate’
Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%. Per the parliamentary website and a report from Brazil’s Livecoins, lawmakers “seriously amended” the bill to ensure no...
, by Tim Alper
Today in Crypto: Hong Kong Will Use ‘All Available Methods’ to Fight Crypto Scams, Americans are ‘Much More Open to Potential of Crypto Than Brits’
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Regulation news Hong Kong authorities may give regulators more power to fight cryptocurrency scams and will consider measures to take, such as...
, by Sead Fadilpašić
Crypto Exchange OKX Officially Debuts in Brazil, Offers Trading With Advanced Features
Crypto platform OKX announced its official launch in Brazil, offering users with advanced crypto features including trading and staking rewards. The roll-out would feature a Web3 wallet in Brazil, providing a secured and trusted gateway to DeFi and crypto trading. The company said in a...
, by Sujha Sundararajan
Today in Crypto: Banxa and Cardano’s Yoroi Wallet Enable In-app Fiat On/Off Ramping, Bybit Reveals Personality-Based Trading NFT/USDT Competition
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Wallet news Web3 on-and-off ramp solution Banxa announced that it, in partnership with Cardano's Yoroi Wallet, enabled in-app fiat on/off...
, by Sead Fadilpašić
Bullish Brazilian Bank Nubank Adds Five More Altcoins to Banking App
The Brazilian neobanking unicorn Nubank is stepping up its crypto adoption drive, adding trading capabilities for five more altcoins to its banking app. Per the Brazilian media outlet Livecoins, the bank added support for Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum (ARB),...
, by Tim Alper
Coinext Crypto Exchange CEO Highlights Competitiveness Driven by Brazil’s Crypto Regulatory Environment
José Ribeiro, the CEO of the cryptocurrency exchange Coinext, shared his perspective on Bitcoin and the crypto landscape in Brazil during the Web Summit in Lisbon. During the Web Summit, Ribeiro discussed the vibrant crypto economy in Brazil and the growing competition in the...
, by Hassan Shittu
USDT Stablecoin Adoption in Brazil Skyrockets to 80% Share of Crypto Transactions
The adoption of the popular stablecoin Tether (USDT) in Brazil has experienced a remarkable surge in 2023, now constituting a staggering 80% of all crypto transactions within the country. According to data provided by Brazil's tax agency that was first reported on by Cointelegraph, the total...
, by Fredrik Vold
Brazil’s USDT Volume Exceeds all Crypto Transactions Combined: Revenue Dept. Report
The Brazilian tax department report said that the country’s Tether (USDT) trading volume proliferated since 2021. Tether stands out among other stablecoins and has surpassed the volume of Bitcoin (BTC) during the same period. “Among the stablecoins, the cryptocurrency called Tether...
, by Sujha Sundararajan
Grassroots Crypto Adoption in Latin America Surges as Users Flock to Centralized Exchanges
According to a new study, cryptocurrency adoption grows in Latin America as users leverage digital assets to offset currency devaluations and inflation.A new Chainalysis report shows a growing adoption rate in Latin America following a surge of new use cases on a country-country basis and an...
, by David Pokima
Brazilian Congressional Committee Recommends Indictment of Binance CEO and Three Other Executives
A Brazilian congressional committee has recommended the indictment of four Binance senior executives, including the company's CEO and founder Changpeng Zhao.The committee, which had been investigating crypto-related Ponzi schemes in Brazil, has the authority to make...
, by Ruholamin Haqshanas
Brazilian Police Arrest ‘Gunpoint Crypto Thieves’
Brazilian police officers and Interpol have swooped on a gang of suspected gun-toting crypto thieves, arresting seven people.Per an official release from the Santa Catarina civil police force, officers were issued with eight arrest warrants and four “search and seize” permits last...
, by Tim Alper
Brazil to Issue Digital IDs for Its 214 Million Citizens Using Blockchain Technology
Brazil is set to issue digital identification documents for its more than 214 million citizens using blockchain technology.The states of Rio de Janeiro, Goiás, and Paraná will be the first to adopt this new system, utilizing a private blockchain developed by...
, by Ruholamin Haqshanas
Brazil’s Central Bank Tightens Rules as Crypto Adoption Rises
The central bank of Brazil has vowed to tighten rules and strengthen its oversight of crypto platforms, as crypto adoption in the country surges higher.Speaking in front of a parliamentary commission on finance and taxation on Wednesday, Roberto Campos Neto, the governor of Brazil’s central...
, by Fredrik Vold
Brazilian Military, Police, Civil Servants Face ‘Crypto Mining Ban’
The Brazilian state of Santa Catarina has barred public officials, including police and military officers, from mining crypto.In an updated set of rules for public sector workers, the state wrote that public officials, including members of the armed forces and civil servants, should...
, by Tim Alper
Brazil Debates Bill To Protect Debtors’ Digital Assets
Brazilian lawmakers make moves to include cryptocurrencies in the list of debtors-protected assets on behalf of creditors following their recognition as tradable property.In recent months, Brazil has embarked on a major change to reduce the seizures of debtors' assets which is meant to settle their...
, by David Pokima
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