The Central Bank of Brazil is introducing a program to connect the R$8 ($1.5 billion) sitting idle in financial institutions to the Brazilians who are entitled to the funds, the Rio Times reported. Previously there wasn’t an easy way to access these resources until the central bank intervened with a specific program. The first stage […]
Brazil - Bitcoin News Related to Brazil
Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges
A cocktail of inflation and devaluation is generating a crypto boom that players such as Binance, Coinbase and Crypto.com do not want to waste.
Brazil’s Hashdex to Launch DeFi ETF—The Sixth Crypto ETF in Brazilian Market
Following the successful launch of five other crypto ETFs in Brazil, investors in the South American nation will now be able to trade an ETF that tracks the most promising products in DeFi.
Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency
Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives that will also be put […]
2021: A year of mass adoption for cryptocurrencies in Brazil
2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game.
Rio De Janeiro Is Giving People a 10% Discount to Pay Taxes in Bitcoin
Rio is giving a discount if you pay taxes with bitcoin, and putting 1% of their treasury into crypto.
Rio de Janeiro Eyes Treasury Investment in Crypto and Discounts for Taxes Paid in Bitcoin
The mayor of Rio de Janeiro, Eduardo Paes, announced that the Brazilian city would be investing 1% of its Treasury in crypto.
Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments
Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking about the challenges involved in transforming metropolises into technological hubs….
Read More: Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments
Brazilian mayor to reportedly invest 1% of city reserves in Bitcoin
Rio de Janeiro mayor Eduardo Paes talked about Bitcoin with Miami mayor and BTC bull Francis Suarez at Rio Innovation Week.
Why Brazilians Are Turning to Stablecoins Like Tether
Amid high inflation and a steady devaluation of the Brazilian real, locals tripled the traded volume of stablecoins in 2021.
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