Over 12,000 Brazil companies declare crypto holdings in record high
August figures released by Brazil's tax authority revealed over 12,000
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Brazil
Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings – News Bitcoin News
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin
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Binance opens two new offices in Brazil as team doubles since March
Changpeng “CZ” Zhao-led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the country’s emerging crypto market, with reportedly more than 34.5 million crypto users there.According to an Oct. 3 announcement, Binance has now opened offices in São Paulo and Rio de Janeiro,
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Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch – Exchanges Bitcoin News
Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at
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Crypto Exchange Bybit Halts Derivatives Trading in Brazil After Exchange Commission Ban
Last week, the CVM stated that Bybit was “seeking to raise funds from investors residing in Brazil for investments in securities,” without the company having authorization to act as a securities intermediary, as only Brazil’s stock exchange B3 is allowed to offer securities there. Original Source
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Brazil Exceeds 1M Registered Crypto Users in July for First Time as Number Grows 68% in a Month
The report included crypto purchases made on Brazilian exchanges only, because foreign platforms are not obliged to comply with local regulation 1888, which, in 2019, required crypto companies to report Brazilian users’ transactions to the authority. Source
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Crypto Exchange Bybit Barred From Brokering Securities in Brazil
According to the CVM, ByBit was “seeking to raise funds from investors residing in Brazil for investments in securities,” without the company having authorization to act as a securities intermediary. In Brazil, only Brazil’s stock exchange B3 can offer securities. Source
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Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution – News Bitcoin News
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part
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Latin American Crypto Firm Ripio Launches Prepaid Crypto Card in Brazil
Ripio currently has 3.5 million users across Brazil, Argentina, Uruguay, Colombia, Mexico and Spain, according to Serrano. The company plans to start operations in Chile before the end of 2022, and to open offices in Peru, Ecuador, Bolivia and Paraguay next year, he added. Original Source
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Latam Giant Mercado Libre Launches Mercadocoin in Brazil – News Bitcoin News
Mercado Libre, a leading Latam-based e-tailer, has announced the launch of its own token, called “Mercadocoin,” for Brazilian customers. The token will be the main reward of a loyalty program on Mercado Libre’s platform and will be awarded to customers that purchase certain items linked with the token. The token
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