Brazilian

Brazilian Securities Regulator CVM Might Create a Supervision Unit to Deal With Crypto Markets

November 4, 2022 Bitcoin.com

bitcoin.com

On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market. […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments

October 17, 2022 Bitcoin.com

bitcoin.com

The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using third-party payment processors. Curitiba Might Accept Crypto for Paying Taxes […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved

September 23, 2022 Bitcoin.com

bitcoin.com

The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country. 158 government officers, including 130 federal policemen, were involved in this operation, effecting search and […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year

August 27, 2022 Bitcoin.com

Banking

Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps of companies like Nubank and others that have […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil

August 12, 2022 Bitcoin.com

anderson chamon

Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos, the issuer of the pax dollars stablecoin, in […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Brazil Might Approve Its Cryptocurrency Law This Week

August 3, 2022 Bitcoin.com

bitcoin.com

This week, the Chamber of Deputies in Brazil might approve a cryptocurrency bill introduced earlier this year. According to the leader of the Federal Government in the Chamber, Ricardo Barros, the bill is set to be discussed, but there are still no reports on a possible vote as the Chamber is set to also discuss […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin

July 2, 2021 Bitcoin.com

2TM Group

The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

May 31, 2021 Bitcoin.com

bitcoin.com

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

May 30, 2021 Bitcoin.com

bitcoin.com

Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory