Binance Granted Broker-Dealer License by Brazil’s Central Bank After Acquiring Brazilian Financial Services Firm

January 4, 2025 The Daily Hodl

Binance

The world’s largest centralized crypto exchange by volume has received a broker-dealer license in Brazil via an acquisition. Binance says the Central Bank of Brazil has granted the crypto exchange approval to acquire financial services firm Sim;paul, a licensed broker-dealer in the world’s eighth-largest economy. “By receiving full approval for the takeover of Sim;paul – […]

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Binance Reaches Milestone in Brazil, Becomes First Exchange With Securities Brokerage Capabilities

January 3, 2025 Bitcoin.com

Binance

Binance has become a pioneering cryptocurrency exchange in Brazil following the approval of its acquisition of Sim;paul Investimentos, a securities brokerage platform. With this acquisition, Binance can now offer a full range of investment options, including securities, stocks, and funds for Brazilian customers. Binance Gets Greenlight For Sim;paul Investimentos Acquisition in Brazil Binance, one of […]

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Binance Gains 21st Regulatory Approval – Crypto Giant Tightens Grip Worldwide

January 3, 2025 Bitcoin.com

Binance

Binance has secured its 21st regulatory approval with Brazil’s central bank, bolstering its growing dominance and expanding its footprint in Latin America’s booming crypto market. Binance Expands Regulatory Dominance With Brazil Approval Crypto exchange Binance announced Thursday that it has secured approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer in […]

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Ether and Solana Grow in Brazilian Markets

December 15, 2024 Bitcoin.com

bitcoin.com

According to data issued by the national tax enforcer, the adoption of solana and ether is growing in Brazilian markets. Ether’s utilization increased significantly, having registered 950,000 transactions moving over $165 million – a relevant increase compared to last year’s October numbers, when it scored 600,000 transactions and transferred nearly $40 million. Solana also exploded, […]

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South Africa Says BRICS Has No Plans To Create New Currency After Trump Issues Warning Against Dedollarization: Report

December 7, 2024 The Daily Hodl

Brazil

Reports on a new BRICS currency designed to compete against the US dollar are fundamentally false, according to leaders in South Africa. In a statement, South Africa’s Department of International Relations and Cooperation (DIRCO) says BRICS is not working on a currency that could be used as an alternative to USD, reports Bloomberg. According to […]

The post South Africa Says BRICS Has No Plans To Create New Currency After Trump Issues Warning Against Dedollarization: Report appeared first on The Daily Hodl.

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Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft

December 3, 2024 Bitcoin.com

bitcoin.com

The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require exchanges dealing in stablecoins to obtain two different operating licenses: one as a […]

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Latam Insights Encore: Brazil Frontrunning the US in Building a Strategic Reserve Might Rally BRICS Around Bitcoin

December 3, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines how Brazil might frontrun the U.S. to become the first nation to enact strategic bitcoin reserve regulations and its possible repercussions on BRICS nations’ economic policies. Latam Insights Encore: Brazil’s Hypothetical Strategic […]

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Latam Insights: Strategic Bitcoin Reserve Proposed in Brazil, Volcano-Powered Bitcoin Mining in El Salvador

December 1, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, a Strategic Bitcoin Reserve bill gets introduced in Brazil, Bukele hints at renting volcanos for bitcoin mining, and Vaneck highlights Bukele’s work in El Salvador. Brazil Introduces Bill to Establish Strategic […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

November 27, 2024 Coin Telegraph

Bitcoin

New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience.

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets.

The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

According to the legislation, the Bitcoin (BTC) reserve could shield the country’s sovereign reserve from currency fluctuations and geopolitical risks while also serving as collateral for the country’s forthcoming central bank digital currency, dubbed Real Digital (Drex).

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Brazil Introduces Bill to Establish Strategic Bitcoin Reserve

November 26, 2024 Bitcoin.com

Bitcoin

Brazil’s Chamber of Deputies has formally introduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to diversify national financial assets and strengthen economic resilience. Brazil Proposes Bitcoin Reserve to Bolster Economy and Embrace Innovation The legislation, titled “Projeto de Lei 4501/2024″ and authored by Federal Deputy Eros Biondini, aims to position […]

Brazil

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