Brazilian wine club known as Wine is accepting bitcoin as payment on its mobile application and hopes to extend functionality to desktop and mobile sites.
Brazil - Bitcoin News Related to Brazil
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Owner of Brazil’s Largest Crypto Exchange Plans to Launch Quantitative Trading Service
The holding company for Mercado Bitcoin, which is in talks to be acquired by Coinbase, is partnering with local player Giant Steps.
Brazil Is Now One Step Closer To Regulating Bitcoin
The country is favoring a single Bitcoin and cryptocurrency legislation in an effort to enact it by the first half of 2022.
Brazilian Senate announces incoming approval of the ‘Bitcoin law’
The law will allow the President of Brazil to designate or create a regulatory agency to oversee the crypto market.
Brazilian central bank president confirms CBDC pilot will launch in 2022
The sovereign national digital currency will be based on national fiat and would have a fixed supply quite similar to Bitcoin.
Rio de Janeiro to Allow Real Estate Tax Payments With Crypto as of 2023, Mayor Says
The state administration will convert crypto payments immediately to Brazilian reais, Mayor Eduardo Paes added.
Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin
A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April.
Today in Crypto: India Passes Crypto Tax Legislation; Deloitte, Coinbase to Acquire Brazil’s 2TM
Thanks to a new tax proposal passed by India’s Parliament, in one week, residents of India will have to pay a capital gains tax of 30% on crypto transactions, CoinDesk reported Friday (March 25). Per the report, this resulted in “uproar and disappointment” from those in the industry. Aside from the capital gains tax, Indians […]
Mercado Libre Boosts Its Billion-Dollar Brazil Investment
South American eCommerce firm Mercado Libre is boosting its investment in Brazil by 70% this year, planning to spend 17 billion reais ($3.44 billion), as part of a move to expand and consolidate business in Latin America’s largest country. As Reuters reported Tuesday (March 22), the Argentine company said a “significant” portion of the funds […]
Binance CEO Says Firm Is Looking Into Buying Banks and Payment Processors in Brazil
The company will seek to strengthen its presence in the Latin American country and comply with local regulations, according to Changpeng “CZ” Zhao.
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