Brazil

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Binance Reaches Milestone in Brazil, Becomes First Exchange With Securities Brokerage Capabilities

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Binance has become a pioneering cryptocurrency exchange in Brazil following the approval of its acquisition of Sim;paul Investimentos, a securities brokerage platform. With this acquisition, Binance can now offer a full range of investment options, including securities, stocks, and funds for Brazilian customers. Binance Gets Greenlight For Sim;paul Investimentos Acquisition in Brazil Binance, one of … Read more

Binance Gains 21st Regulatory Approval – Crypto Giant Tightens Grip Worldwide

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Binance has secured its 21st regulatory approval with Brazil’s central bank, bolstering its growing dominance and expanding its footprint in Latin America’s booming crypto market. Binance Expands Regulatory Dominance With Brazil Approval Crypto exchange Binance announced Thursday that it has secured approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer in … Read more

Ether and Solana Grow in Brazilian Markets

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According to data issued by the national tax enforcer, the adoption of solana and ether is growing in Brazilian markets. Ether’s utilization increased significantly, having registered 950,000 transactions moving over $165 million – a relevant increase compared to last year’s October numbers, when it scored 600,000 transactions and transferred nearly $40 million. Solana also exploded, … Read more

Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft

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The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require exchanges dealing in stablecoins to obtain two different operating licenses: one as a … Read more

Latam Insights Encore: Brazil Frontrunning the US in Building a Strategic Reserve Might Rally BRICS Around Bitcoin

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Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines how Brazil might frontrun the U.S. to become the first nation to enact strategic bitcoin reserve regulations and its possible repercussions on BRICS nations’ economic policies. Latam Insights Encore: Brazil’s Hypothetical Strategic … Read more

Latam Insights: Strategic Bitcoin Reserve Proposed in Brazil, Volcano-Powered Bitcoin Mining in El Salvador

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, a Strategic Bitcoin Reserve bill gets introduced in Brazil, Bukele hints at renting volcanos for bitcoin mining, and Vaneck highlights Bukele’s work in El Salvador. Brazil Introduces Bill to Establish Strategic … Read more

Brazil Introduces Bill to Establish Strategic Bitcoin Reserve

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Brazil’s Chamber of Deputies has formally introduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to diversify national financial assets and strengthen economic resilience. Brazil Proposes Bitcoin Reserve to Bolster Economy and Embrace Innovation The legislation, titled “Projeto de Lei 4501/2024″ and authored by Federal Deputy Eros Biondini, aims to position … Read more