Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
The bill is awaiting presidential approval. Source
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Brazil
Brazil Approves Proposed 15% Income Tax on Crypto Earnings Held on Foreign Exchanges
The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income
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Spot Bitcoin (BTC) ETFs in Brazil Find Hefty Demand
As investors await approval of a spot bitcoin exchange-traded fund (ETF) in the U.S., a check in Brazil finds hefty demand for such vehicles, which have been trading there for more than two years. Together, those ETFs have $96.8 million of assets under management (AUM) as of Nov. 21, led
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Spot Bitcoin (BTC) ETFs Have Almost $100M in AUM in Brazil, Led by Hashdex Offering
Together, those ETFs have $96.8 million of assets under management (AUM) as of November 21, led by Hashdex's Nasdaq Bitcoin Reference Price FDI (BITH11) with $57.8 million in AUM as of November 21, or a market share of about 60%. As comparison, the largest ETF in the nation, iShares Ibovespa
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OKX launches crypto exchange and web3 wallet in Brazil
OKX has launched its crypto exchange and Web3 wallet in Brazil, marking a significant expansion into the Latin American market with a focus on providing secure and comprehensive crypto trading and defi services. Global web3 technology company OKX has recently expanded its reach by launching a crypto exchange and web3 wallet
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OKX launches crypto exchange, wallet services in Brazil
Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp
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Binance CEO, colleagues face potential indictment in Brazil
A Brazilian congressional committee has suggested indicting Binance CEO Changpeng Zhao and other leaders at the exchange, alleging fraud. Brazil’s National Congress committee’s recommendation to indict Binance’s leaders, including Zhao, could lead to a legal battle for the world’s largest cryptocurrency exchange. The committee investigating crypto-related Ponzi schemes accused Zhao and
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Regulators in Brazil Accuses Binance of Running Pyramid Scheme
The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after. A congressional committee in Brazil has made allegations against Binance, asserting the platform’s involvement in a fraudulent pyramid scheme. The
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Brazil rolls out blockchain-based digital ID
Over 214 million Brazilians will soon be using blockchain technology for digital identity, the government recently announced.Rio de Janeiro, Goiás, and Paraná will be the first states to issue identification documents on-chain through a private blockchain developed by Serpro, Brazil’s national data processing service. The entire country should be able
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Ripple’s Liquidity Hub Expands into Australia and Brazil
The hub gives firms access to various liquidity pools and advanced trading features, including post-trade settlement through a single API. Ripple Labs has announced that its Liquidity Hub has expanded to Australia and Brazil, giving local businesses a way to manage their crypto liquidity. Crypto-focused businesses in the region will now
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