The company also plans to extend their cross-border payments service into more new markets in the near future.
Brazil - Bitcoin News Related to Brazil
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Itaú Unibanco Takes a Leap: Introduces Cryptocurrency Trading for Clients
Brazil’s largest bank, Itaú Unibanco, has stepped into the world of cryptocurrency by launching a trading service for its clients as part of its investment platform.
Brazil Stock Exchange to Open After Hours Trading, Give Bitcoin a Boost
Bitcoin was the only asset besides the country’s own Ibovespa index approved for late night trading sessions.
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.
Spot Bitcoin ETFs Gain Traction in Brazil Amidst Growing Demand
Brazil’s Booming Crypto Market Highlights Appetite for Bitcoin Investment
Brazil’s crypto regulatory environment is driving competitiveness — CEO of Coinext
Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext, spoke with Cointelegraph at the Web Summit about Brazil’s cryptocurrency landscape.
Brazil’s Congress moves to levy higher taxes on cryptocurrencies
If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
Crypto Card Adoption Rising in Brazil, Say Issuers – LATAM Taking to Crypto?
Crypto credit card adoption is on the rise in Brazil, issuers have claimed, with more Latin American users than ever reportedly buying and spending tokens.
Per the Brazilian media outlet Livecoins, Brazilians are not just buying crypto, but also using coins, instead of fiat, to pay in stores.
The media outlet quoted Binance’s Brazilian head Guilherme Nazar as stating that cards, such as the Binance Card, were “bringing cryptocurrencies into users’ day-to-day lives.”…
Read More: Crypto Card Adoption Rising in Brazil, Say Issuers – LATAM Taking to Crypto?
Mercado Bitcoin, Brazil’s Largest Crypto Exchange, Receives License as a Payment Institution
The company plans to offer financial services that combine the potential of crypto with traditional financial services.
Brazil Central Bank CBDC Pilot Snubs Crypto Firms
The Central Bank of Brazil has effectively blocked crypto firms from taking part in its central bank digital currency (CBDC) pilot.
The bank this month issued a call for interested firms to join the next phase of its pilot.
But while the bank did not explicitly rule out the participation of crypto companies, the media outlet Livecoins explained that the call was a de facto snub for crypto players….
Read More: Brazil Central Bank CBDC Pilot Snubs Crypto Firms
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