US Seizes $24M in Crypto as Part of Brazilian Probe of $200M Fraud Scheme
The seizure was made after a request from Brazil for help with a large cryptocurrency fraud scheme. Source
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Brazilian
Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any
Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history. Source
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Brazilian Crypto Exchange XDEX Announces Full Closure
Brazilian crypto exchange XDEX, which is owned by the largest stock broker in Latin America, announced the end of its activities. The company announced its closure on March 31:"Today, we announce that XDEX is starting the process of closing its activities. Market projection, competition and few regulatory advances reduced
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Major Brazilian Sports Entrepreneur Tokenizes Soccer Players
André Figer, vice president of one of the largest sporting career management companies in Brazil, has his eyes firmly set on tokenizing soccer players. The well-known entrepreneur told CryptoX Brazil that blockchain technology and athlete tokenization has the potential to transform the management of sport worldwide. The Figer Group has been
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Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto
The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November.The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, internet banking, or select ATMs. According to a press
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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with
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Brazilian Police Bust Alleged Crypto Fraud That Cost Investors $360M
Scammers targeted their network of victims through social media. After the victims sent funds, the suspects told them to wait as their investments grew three to four percent daily. But victims were not allowed to withdraw, the police alleged, and their money disappeared. Source
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Brazilian Securities Regulator Bans Bitcoin, Forex Broker
The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, CryptoX Brasil reported on Sept. 25.On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and Intermediary (SMI) Relations. In its warning, the CVM states
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Brazilian Crypto Exchange Snubs Court Deadline to Fix Withdrawals
Brazilian cryptocurrency exchange and alleged pyramid scheme Atlas Quantum rejected court deadlines to resolve its delayed Bitcoin (BTC) withdrawals.Atlas Quantum may constitute a financial pyramidAs CryptoX Brasil reported previously, on Sept. 17, the Federal Court of Brazil ruled that the current activities of the cryptocurrency exchange Atlas Quantum may
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Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon
Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech.Deforestation and fires in the Brazilian AmazonOn Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask
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