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Binance Pays $1.75 Million to Settle Irregular Derivatives Offering Procedure in Brazil

Binance Pays .75 Million to Settle Irregular Derivatives Offering Procedure in BrazilBinance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $1.75 million) to resolve a case involving the irregular offering of derivatives, including futures contracts and options, dating back to 2022. Binance […]

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Bitcoin Futures Demand Blows up in Brazil: 7,400 Contracts Traded on Launch Day

Bitcoin Futures Demand Blows up in Brazil: 7,400 Contracts Traded on Launch DayThe first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures […]

Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin

Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto

Brazilian Securities Commission CVM Opens a Path for Funds to Invest in CryptoThe Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the equivalent protections offered to other investment assets such as stocks and bonds, opening new markets for these companies. Brazilian […]

Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin

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

Brazilian Securities Regulator CVM Might Create a Supervision Unit to Deal With Crypto MarketsOn 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. […]

Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin

Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities

Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as SecuritiesThe Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM defines different classifications for existing cryptocurrency assets, specifies which can be viewed as securities, and explains how it will intervene in these markets. Brazilian Securities […]

Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin

Brazilian Securities and Exchange Commission CVM Subpoenas Mercado Bitcoin on Fixed Income Token Investments

Brazilian Securities and Exchange Commission CVM Subpoenas Mercado Bitcoin on Fixed Income Token InvestmentsThe Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends regarding cryptocurrency-related fixed return investments. The company will have to disclose the details of these investments and if they plan to maintain them as available […]

Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin

President of Central Bank of Brazil Disagrees With ‘Heavy Hand’ Regulations for Cryptocurrencies

President of Central Bank of Brazil Disagrees With ‘Heavy Hand’ Regulations for CryptocurrenciesThe president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal is to connect the digital with […]

Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin

Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations

Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack AllegationsBluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the withdrawals would be stopped for at least six months. The company has been investigated by the Brazilian Securities and Values Commission (CVM) in January. Bluebenx Stops […]

Robert Kiyosaki Rejects TRUMP Coin, Doubles Down on Bitcoin