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The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the equivalent protections offered to other investment assets such as stocks and bonds, opening new
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Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method within the country.In a Dec. 22 publication of the official journal of the federal government of Brazil, Bolsonaro’s office said
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Place/Date: São Paulo, Brazil - December 22nd, 2022 at 9:36 am UTC · 3 min read Contact: Issay Domingo, PR Lead, Source: BC.GAME BC.GAME has announced that David Luiz, a Brazilian professional football player of the Flamengo team, has become its official brand ambassador. As the crypto casino’s
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Gleec has also dived into El Salvador, the country that was ranked as the first in the world to legalize Bitcoin back in September 2021.Estonia’s crypto trading platform Gleec BTC Exchange has announced its acquisition of Blocktane, a Brazilian digital currency exchange as it makes strategic plans to deepen its
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Crypto.com has received a Payment Institution License (EMI) from the Central Bank of Brazil. The license will allow it to “continue offering regulated fiat wallet services for customers in Brazil,” according to an announcement on the company’s website. Crypto.com has offered a Visa card in Brazil for purchases in cryptocurrency
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As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike. It is soon to be decided whether the coming regulation triggered by FTX’s bankruptcy will bring a silver lining to crypto.The Chamber of
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According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that declared having purchased crypto during September. Brazilian Companies Purchase
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The bill is now set to become law once signed by the President.The long wait is finally over, as the Chamber of Deputies gave a nod of approval to a Brazilian crypto bill seeking to regulate the country’s crypto space. The move follows after the bill remained stuck in the
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The bill, authored by deputy Aureo Ribeiro, establishes a new crime of fraud involving virtual assets, with a penalty of between two and six years plus a fine. It also stipulates the creation of a “virtual service provider” license, which is to be requested by companies, including exchanges and other
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