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Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Meliuz claims the bitcoin throne in Brazil and the region, Bolivia’s crypto adoption grows to record levels, and Brazil announces a public consultation on accounting rules for digital assets. Meliuz Becomes the … Read more
The Central Bank of Brazil is now focusing on updating and redefining the accounting rules for digital assets held by companies. A new regulatory draft outlines the rules for assets issued by the same company, received, or held in custody, and it will be subject to public consultation. Central Bank of Brazil to Hold Consultation … Read more
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Argentina has achieved its lowest inflation levels in five years, Brazil is contesting Lula’s cryptocurrency tax in Congress, and Argentina has blocked access to HTX. Argentina’s Economic Miracle: Milei Achieves Lowest Inflation in … Read more
Brazilian authorities are seeking a software solution that allows them to track the locations and movements of various cryptocurrency projects nationwide. The objective of this proposal is to enhance the state’s capabilities in combating cryptocurrency-related crime. Brazilian Authorities Open Contract for Cryptocurrency Tracking Solution Tracking and enhancing control of crypto funds has become a necessity … Read more
The Provisional Measure issued by the Brazilian government to impose a flat fee on cryptocurrency income is being contested in Congress, as some believe it may exceed the executive’s jurisdiction on tax matters, thereby bypassing the institution’s mandate. Flat Cryptocurrency Tax Decree Contested in Brazilian Congress Cryptocurrency taxation is becoming a hot topic in Brazil, … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the Brazilian government’s intentions to tax all crypto holders will likely cause users to go underground. Latam Insights Encore: Brazil’s Tax Greed Will Lead Crypto Underground In the last year, … Read more
Brazilian authorities issued a Provisional Measure that terminates the previous tax regime and introduces a new ruleset to tax all crypto-derived profits. The new rule also states that these measures apply to crypto held in self-custody wallets and digital assets held abroad. Brazilian Government Announces New Crypto Tax Regime, Throws Self-Hosted Assets in the Mix … Read more
A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a daily tax on these activities. Lula’s Party Bill to Establish Restrictions on Bitcoin Mining, Cryptocurrency Trading While Brazil already has a … Read more
The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their collateral assets in Brazil. This, in turn, would simplify the process of assigning credit within an onchain, open, and shared finance ecosystem. Central Bank of Brazil Seeks to Solve Onchain Credit in Drex’s … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how Latam is changing its position on Trump’s tariff threats, given his trend of backing away from enacting these measures. Latam Insights Encore: Latin America Is Noticing Trump’s Tariffs Are All … Read more
