Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Crypto News Summary: Nubank’s New Nucoin Crypto, Fidelity’s ETH Offer, Bitpanda Partners With N26 Digital Bank Read more »Sign up for e-EUR – the progressive stablecoin
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using third-party payment processors. Curitiba Might Accept Crypto for Paying Taxes…
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Brazil is becoming a hotbed for crypto adoption, with the country’s tax authority recently claiming that over 12,000 companies hold digital assets. Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil — a move both companies say would support continued adoption in…
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The Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM defines different classifications for existing cryptocurrency assets, specifies which can be viewed as securities, and explains how it will intervene in these markets. Brazilian Securities…
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The Brazilian city of Rio de Janeiro will let its crypto-holding residents use their coins to pay their property tax bills from next year. Globo reported that the city hall has published a decree in its Municipal Gazette that states that Rio will “hire companies specialized in carrying out the conversion of cryptoassets into [fiat]”…
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Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin usdt.
Institutions Are Holding…
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Brazilian police have swooped on an alleged crypto pyramid scheme that appears to have sucked in a top model, soccer players, and more to the tune of $769 million…. Read More: Brazil: Police Shut Down $769m Crypto ‘Pyramid’ that ‘Drew in’ Celebs, Sports Stars Read more »Sign up for e-EUR – the progressive stablecoin
The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact of cryptocurrencies should be measured to avoid any adverse effects…
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A court in Brazil has ruled that a major commercial bank is allowed to inspect one of its debtors’ crypto wallets – and has stated that crypto has “monetary properties.”… Read More: Brazilian Court Grants Bank Right to Inspect Debtor’s Crypto Wallets Read more »Sign up for e-EUR – the progressive stablecoin
Major crypto exchange Binance continues its international expansion with the opening of two new offices in Brazil, based in São Paulo and Rio de Janeiro. The platform said in a tweet that its latest move is designed to “expand in the country and to grow crypto adoption in Latin America.” The establishment of the two…
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