Category: Brazil

Poll: 48% of Brazilians Support Making Bitcoin Their Official Currency

A recent poll from Sherlock Communications has found that nearly half of Brazilians agree that Bitcoin should be adopted as the currency of the country, following in the footsteps of El Salvador. Brazilians Bullish for Bitcoin As reported by Valor Investe, the study shows 48% of Brazilians in support of Bitcoin as national currency (17% […]

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Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil

Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil

Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market and hinted at a possible direct integration of bitcoin in payments. Visa […]

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Law Project Establishes Period to Decide Cryptocurrency Regulations in Brazil

Law Project Establishes Period to Decide Cryptocurrency Regulations in Brazil

A law project introduced in June in the National Congress of Brazil has jumped into the spotlight recently because it establishes a fixed period for the executive to start regulating cryptocurrency transactions. If approved, the proposal will establish the payment of taxes for cryptocurrency-based transactions. The project is being reviewed by the Chamber of Deputies […]

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The Largest Crypto Seizure in Brazil: Nearly $29M Worth of Digital Assets Seized

The Brazilian Federal police exposed a local financial pyramid scheme and confiscated nearly $30 million in cryptocurrencies. The operation marked the largest seizure of digital assets in the history of Brazil. The New Record According to a report by CNN Brazil, the local authorities organized a special mission, called “Operation Kryptos,” to halt a fraudulent […]

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Why Brazil’s public instant payment system became so popular — and what that means for crypto

Why Brazil’s public instant payment system became so popular — and what that means for crypto

Quick Take Brazil’s central bank recently revealed new data pertaining to its real-time payment system, called Pix, which show the platform taking off. Now the bank is trying to make sense of the simultaneously rising demand for crypto — not for payments but as an investment class.  This feature story is available to subscribers of […]

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Brazil’s Federal Police seizes nearly $28 million in crypto

Brazil’s Federal Police seizes nearly $28 million in crypto

Brazil’s Federal Police seized 591 bitcoins (currently worth about $27.7 million) related to a company accused of operating a system of pyramid schemes. Police said that the company, based in the Lakes Region of Rio de Janeiro, carried out activities allegedly linked to speculation in the cryptocurrency market. Federal Police issued 15 search and seizure […]

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The President of Brazil’s Central Bank Has a Meeting With Brian Brooks and Jeremy Allaire

The President of Brazil’s Central Bank Has a Meeting With Brian Brooks and Jeremy Allaire

The president of the Central Bank of Brazil is clearly serious about cryptocurrencies, and it seems that the country is becoming more and more interested in exploring blockchain solutions to increase the efficiency of its financial system. According to the Official Schedule of the Central Bank’s Authorities, Roberto Campos Neto, the head of the Central […]

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Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering

Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering

The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation Compliance came about by way of an investigation that identified cryptocurrency-related money laundering crimes on the […]

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Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide

Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide

On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, […]

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