Brazil’s Largest Private Bank, Itaú, Selected by Central Bank to Develop a DeFi Liquidity Pool
The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory. Source
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Brazils
Brazil’s Largest Brokerage, XP, Launches Bitcoin, Ether Trading
XP’s crypto platform, named XTAGE, is built on the trading technology of major American stock exchange Nasdaq and will have an integration with MetaTrade 5, a Forex and stock trading tool, the company said. XP added that it also tapped crypto custody firm BitGo to store XTAGE’s assets, most of
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Brazil’s Largest Digital Bank Nubank Reaches 1M Crypto Users After Just a Month
“Nubank has, in eliminating complexity, a value proposition that permeates all our products. With crypto activities, this becomes even more relevant due to the fact that it is a market with complex systems that make it difficult for people interested in taking their first steps to join,” Thomaz Fortes, leader
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Brazil’s Largest Private Bank Itaú to Launch Tokenization Platform, May Eventually Offer Crypto Trading
This week, PicPay, a Brazil-based digital payments app with more than 30 million users, announced it plans to launch a crypto exchange and a Brazilian real-tied stablecoin later in 2022. In May, Nubank, the largest Brazilian digital bank by market value, added the option for customers to buy and sell
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One of Brazil’s Leading Real Estate Companies, Gafisa, Accepts Crypto as a Form of Payment
Cryptocurrency continues to gain worldwide acceptance as various companies begin to accept crypto as a form of payment. A Leading Brazilian real estate company, Gafisa, has already started accepting crypto for property sales in a similar development. According to Gafisa’s back rooms, “Bitcoin is ideal for real estate development businesses since
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Brazil’s Citizens Will Pay Tax on Cryptocurrency Related Revenue.
Citizens of Brazil are now required to pay tax on any cryptocurrency-related activities and revenue, as announced by the Federal Revenue of Brazil (RFB). This new law means that every cryptocurrency-related activity like NFT flipping, remittance, and trading activities are taxable, with some exceptions. However, the enforcement is a bit confusing
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Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH).The RFB's declaration was published in the Diário Oficial da União and was the result of a consultation
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Brazil’s Biggest Bank Adds Bitcoin and Ethereum Trading For Users
Nubank unveiled support for cryptocurrency investment Users will be able to trade Bitcoin and Ethereum Paxos will power the service and offer blockchain-based facilities Brazil’s Senate recently voted in favor of crypto adoption The largest neobank in Brazil and one of the biggest fintech institutions in Latin America, NuBank announced crypto trading integration on
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Brazil’s Largest Brokerage XP Set to Launch Crypto Trading Feature
Built on Nasdaq's trading technology, the platform will allow users to buy bitcoin and ether. Source
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Nubank, Brazil’s Largest Digital Bank, Launches Bitcoin and Ether Trading
In December, Nu Holdings went public at an initial valuation of $41.5 billion, making it one of Brazil's most valuable companies, though its market cap has since fallen to around $17.4 billion. As of February, Berkshire Hathaway owned about $1 billion worth of shares in the company, despite CEO Warren
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