The Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends regarding cryptocurrency-related fixed return investments. The company will have to disclose the details of these investments and if they plan to maintain them as available…
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Workers and executives in Latam are open to trying metaverse tools in conjunction with their traditional work, according to a study commissioned by Ciena, a software, networks, and services company. The study, which surveyed 15,000 business workers from all around the world, found that there is optimism about the implementation of these technologies. Latam Office…
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Federal police officers in Brazil have performed search-and-seize raids at 15 firms in two states in a bid to break up a suspected crypto-themed “pyramid scheme.” Per Agência Brasil, the country’s national public news agency, officers swooped on 15 unnamed companies based in the states of Santa Catarina and São Paulo on September 27…. Read…
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Nubank, a Brazil-based digital bank, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the biggest financial institutions of its kind in Brazil. The company also announced that almost 2 million of its customers are cryptocurrency investors.
Nubank Reaches…
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Police and tax officers in Brazil have launched a major operation that has seen them raid six domestic crypto exchanges. They believe the platforms may be implicated in a massive international crime and money laundering ring…. Read More: Brazilian Police Raid Six Crypto Exchanges in International Money Laundering Ring Bust Read more »Sign up for…
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The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country. 158 government officers, including 130 federal policemen, were involved in this operation, effecting search and…
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Huobi Global, one of the biggest exchanges in volumes traded, has announced a partnership to make it easier for its Latam-based customers to acquire cryptocurrencies. The exchange has allied with Astropay, a payment services platform, to allow customers in Latam to purchase cryptocurrency with fiat currencies in several countries.
Huobi to Make Crypto Easier…
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Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit…
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The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon credits.
Brazilian CVM Presses for…
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Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry. Thriving on exploiting users’ data, Web2 monopolies like Facebook and Google have ushered in an era of massive internet centralization in recent years. This concentration of…
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