Category: Brazil
Auto Added by WPeMatico
Two individuals, a woman and a man, were captured in Argentina on charges of having perpetuated a Ponzi scheme that moved over $400 million in cryptocurrency in Brazil. The operation managed to track the couple’s whereabouts with the help of the Argentine Federal Police and Interpol. Argentina Captures Couple Accused of Orchestrating a $400 Million […]
Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize central bank money issuance. El Salvador Won’t Sell […]
Blackrock Launching Brazil’s First Bitcoin ETF
Blackrock is launching Brazil’s first spot bitcoin ETF, the Ishares Bitcoin Trust BDR (IBIT39), on Mar. 1, initially available to qualified investors with plans to eventually open it to retail investors. The ETF aims to provide investors with regulated access to bitcoin and is part of Blackrock Brazil’s strategy to expand into the digital asset […]
Telefonica Partners Chainlink to Mitigate SIM Swap Attacks in Web3
Telefonica, one of the world’s largest telecom companies, has partnered with Chainlink, a decentralized oracle provider, to improve security in Web3 environments. Through the use of Chainlink functions and Telefonica’s SIM Swap API implementation, Polygon apps would be able to check if the SIM of a mobile phone has changed in a given period. Telefonica […]
Latam Insights: Bukele Wins Presidential Ballot by Landslide, Brazil Strengthens Crypto Tax Oversight
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Nayib Bukele wins the presidential elections in El Salvador, the Brazilian tax authority finds over 25,000 irregularities in crypto tax statements, and Argentine President Javier Milei warns there will be no dollarization this […]
Brazil signs its overseas crypto tax bill into law
Under the new taxes, Brazilian citizens will pay up to 15% of profits from crypto to the state.
Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4
Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
Brazil’s largest bank Itau Unibanco launches Bitcoin trading — Report
Brazilian bank Itau Unibanco has reportedly launched a cryptocurrency trading service for its clients as part of its investment platform.
Brazilians may soon need to stump up taxes on crypto held abroad
The new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income.
OKX launches crypto exchange, wallet services in Brazil
The global cryptocurrency exchange and Web3 service provider launched a local exchange and Web3 wallet in Brazil as the country continues its competitive crypto streak.