eCommerce credit card payment platform Cybersource and Brazilian FinTech EBANX announced on Monday (Oct. 18) a collaboration that will streamline payments for customers across Brazil. The partnership means Cybersource’s clients can access EBANX’s payment solutions for Brazil and in turn offer their Brazil-based customers the ability to pay for products and services online with […]
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Brazilians Have Acquired $4B in Cryptocurrencies in 2021, Central Bank Says
Total crypto assets held by Brazilians amount to nearly $50 billion now, compared to $16 billion held in U.S. stocks.
Central Bank of Brazil Reports Brazilians Have Bought More Than $4 Billion in Cryptocurrency This Year
Brazilians have brought over $4 billion of cryptocurrencies to the country, according to numbers from the Central Bank of Brazil. The commercial asset balance report presented shows that Brazilians have consistently acquired over $350 million dollars of cryptocurrencies each month since January. However, according to some analysts from the central bank, this number has the […]
Brazilian toddler makes over 6,500% profit on her first Bitcoin holding
A father’s gift of 1 BTC (roughly $915.80) to his newborn daughter back in 2017 is now worth more than $60,000.
Facing Driver Shortage in Brazil, Uber Tests Line Jump Option
Uber has begun allowing customers in Brazil to pay more for shorter waits, due to a driver shortage apparently triggered by rising gas prices. As Bloomberg News reported on Friday (Oct. 15), the ride-hailing service is testing a feature in three Brazilian cities that will offer priority rides that cost as much as 20% more […]
Brazilian Congress to Consider Bill Regulating Crypto Exchanges
Brazil’s congress will discuss a bill that regulates companies operating in the cryptocurrency sector and increases penalties for crypto pyramid schemes and other illegal activities. A special commission of the Brazilian House of Representatives already approved the bill presented on Sept. 29. If approved by the plenary, the legislation, which was introduced by federal deputy… [Read more]
Bitcoin Will Become Currency in Brazil Soon, According to Federal Deputy Aureo Ribeiro
Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician stated that Brazilians may be able to purchase houses, cars, and even fast food at McDonald’s with cryptocurrency in the near future. Bill 2.303/15, which regulates cryptocurrencies, might approve […]
Brazil aims to tighten penalties for crypto-related financial crimes
The penalties are part of a new piece of legislation that also regulates crypto trading and payments.
First Bitcoin ETF in Latam Debuts on Brazil Stock Exchange
The first Bitcoin ETF in Latin America made its debut yesterday on the Brazil Stock Exchange. Presented by QR Capital, a Brazilian blockchain investment firm, the ETF seeks to simplify Bitcoin exposure for institutions and companies. The ETF was approved by Brazilian regulators and is currently trading with the QBTC11 ticker. Bitcoin ETF Makes It… [Read more]
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