News with the tag "Brazil Crypto Adoption"

Crypto exchange behemoth Binance has again achieved a monumental feat, securing regulatory authorization in Brazil. The crypto exchange revealed on Thursday that it had secured approval from the Central Bank of the South American country, primarily for the acquisition of a locally licensed broker-de...

Brazil’s Chamber of Deputies will deliberate on a new bill to create a Strategic Bitcoin Reserve for the country. This is significant as it is bullish for Bitcoin’s adoption and could mark the genesis of mass adoption among nation-states. Brazil’s Congress Introduces Bill To Create Strategic Bitcoin...

BlackRock has launched its Ethereum ETF, which will begin trading in Brazil on Wednesday, August 28, 2024. The ETF will be available on the B3 stock exchange under the ticker code ETHA39, marking an expansion of BlackRock’s cryptocurrency offerings in the Brazilian market. BlackRock Expands Crypto O...

Mercado Pago, the digital banking subsidiary of Mercado Libre, has introduced a new stablecoin called MELI Dollar in Brazil. This is a U.S dollar stablecoin that offers its users a stable and reliable financial instrument even in the face of economic volatility. Mercado Pago Debuts MELI Dollar Stabl...

Brazil Receita Federal is set to increase scrutiny on foreign digital asset exchanges operating within its borders, aiming to bolster regulation and transparency in the burgeoning sector. The national tax authority seeks to gather operational data from platforms like Binance, Coinbase, and Kraken de...

Circle, the issuer of stablecoin USDC, has made significant strides today by announcing its expansion into Brazil through a collaboration with Nubank. This move aims to enhance digital dollar access in a market renowned for its fintech innovation. Notably, Circle’s co-founder and CEO Jeremy Allaire ...

In a significant development in Brazil’s financial sector, Itau Unibanco, the country’s largest lender, has strategically entered the cryptocurrency market. On Monday, the bank unveiled a cryptocurrency trading service aimed at its investment platform clients. This move marks Itau’s foray into the b...

New income tax rules approved by the Brazilian Senate may require Brazilians to pay up to a 15% tax on income from cryptocurrencies held on foreign exchanges. The bill, having already passed in the Chamber of Deputies, is anticipated to be approved by President Luiz Inácio Lula da Silva, who initiat...

New income tax rules approved by the Brazilian Senate may require Brazilians to pay up to a 15% tax on income from cryptocurrencies held on foreign exchanges. The bill, having already passed in the Chamber of Deputies, is anticipated to be approved by President Luiz Inácio Lula da Silva, who initiat...