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Crypto News From Brazil and Portugal: Aug. 24-31 in Review

This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds. Brazil’s central bank announced that it would classify cryptocurrencies according to International Monetary Fund (IMF) guidelines on Aug. 26.

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Crypto News From Brazil: Week in Review

Last week, Brazilian authorities took regulatory action against crypto-related businesses and several alleged cryptocurrency scams. Earlier this month, legal requirements for crypto-related business tightened in the country, when Brazil’s tax authority, the Department of Federal Revenue (RFB), introduced strict reporting requirements for crypto transactions. Police search Grupo Bitcoin Banco with

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House Financial Services Committee Will Continue Libra Review

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra.A priority for autumn 2019Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement,

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