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As Brazil’s Economy Risks Recession, Regulators and Banks Implement Blockchain

Brazil’s weak economic growth and inflationary pressure have led to more than 13 million Brazilians currently out of work. The unemployment rate currently stands at 12.5%. While the country runs the risk of recession, cryptocurrency’s low barrier for entry and promise of large returns appeal to Brazilians. Bruno Peroni,

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Ripple Opens Shop in South America with Brazil’s $2 Billion Remittance Market

By CCN Markets: Ripple has announced the launch of operations in Brazil as it prepares to capture a slice of the country’s lucrative remittances market and the South American region as a whole. The enterprise blockchain solutions firm indicated that it made the decision in ‘response to high customer demand

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Brazil’s New President Jair Bolsonaro Shuts Down ‘Indigenous Cryptocurrency’ Project

Brazilian President Jair M. Bolsonaro has recently revealed through social media his administration has shut down a project that would see Brazil launch an “indigenous cryptocurrency.” The revelation came as he was criticizing the “BNDES black box” referring to contracts associated with the National Bank for Economic and Social Development, a

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Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.” Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One

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Brazil’s Largest Independent Brokerage to Integrate Bitcoin and Ethereum by the Year End

Grupo XP, Brazil’s biggest brokerage and the owner of XP Investimentos SA, is going to enter the crypto industry. In the upcoming months, the company will launch an exchange for Bitcoin (BTC) and Ethereum (ETH).Speaking at an event in Sao Paulo, Guilherme Benchimol, the Chief Executive Officer of Grupo XP, said:“I must confess, this is a theme I’d

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Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing

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Brazil’s Largest Independent Broker Is Launching a Crypto Exchange

The parent company of Brazil's largest independent broker is setting up a cryptocurrency exchange, Bloomberg reported Thursday. Grupo XP, which owns brokerage firm XP Investimentos, plans to launch the platform in the "coming months," the news source said, adding it will support trading in bitcoin and ethereum. However, despite the notable move,

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