The recent signing of a new law by Brazilian President Luiz Inácio Lula da Silva marks a significant development in the regulation of cryptocurrencies in Brazil. The law grants the country’s central bank the authority to regulate and supervise cryptocurrency firms, while also recognizing the role of the securities regulator, […]
Tag: brazil
Only 18% Of Brazilians, Among the Richest, Do Not Know What Cryptocurrency Is
Of every 10 Brazilians from the ABC classes (that earn $500 or more per month) with internet access, only 2 do not know what cryptocurrency is, according to a C6 Bank/Ipec survey. The survey indicates that 30% still have no opinion on this asset class. C6 Bank is one of […]
Brazilian Exchange “bought” news Portal accused of manipulation
On August 6th, Mercado Bitcoin, one of the largest cryptocurrency exchanges in South America, announced the bought of Portal do Bitcoin, a news portal focused on cryptocurrencies and technology-related topics. https://cointelegraph.com.br/news/mercado-bitcoin-holding-buys-bitcoin-portal Despite the Brazilian exchange, in a paid advertisement considering this activity as beneficial to the cryptocurrency market, some cryptocurrency […]
Brazil’s Central Bank Officially Bans WhatsApp Payments
Being able to choose one’s favorite payment method should be a breeze in this modern day and age. If the central bank of Brazil has a say in the matter, choices will remain limited forever. Several payment options exist all over the world. No More WhatsApp Payments in Brazil Mobile […]
Brazil Utilizes Surveillance Technology to Fight the Coronavirus
The spread of the coronavirus is amplifying as more time progresses. That is very problematic, and it may require the use of some very controversial technologies in certain countries. There doesn’t appear to be a countermeasure to the coronavirus crisis as of yet. Coronavirus Surveillance is a Real Thing Some […]
Can a Cashback System Boost Brazilian Interest in Cryptocurrencies?
It is difficult to convince people about the benefits of Bitcoin. That situation isn’t aided by the fact how most individuals perceive Bitcoin as either a speculative tool or a tool for criminal activity. Coins Go Live, a service primarily targeting Brazilian users, may have come up with a solution […]
Brazil’s ABCB Wants Banks to Begin Servicing Cryptocurrency Firms Again
Brazil is not necessarily the hottest region when it comes to cryptocurrency ecosystems. Even so, there appears to be a growing Bitcoin movement in the country. It has become apparent that Brazilian banks do not take kindly to Bitcoin and other currencies, yet they are facing some pushback from the […]