Brazil’s Rio de Janeiro to allow digital asset tax payments
Rio de Janeiro Mayor Eduardo Paes announced the initiative in March, saying it was the city’s attempt to attract the global digital asset community.
Latest Brazil News
US, Brazilian law enforcement agencies bust international digital asset fraud ring
With help from their U.S. counterpart, Brazilian authorities busted a fraud ring allegedly behind transnational financial fraud schemes that prey on victims from at least 12 countries.
Brazil’s securities regulator urges Mercado Bitcoin to provide details on issued tokens
Said to be an attempt to put the missing puzzle on Mercado Bitcoin's alleged regulatory breach, Brazil mandates the local exchange firm to give details on issued tokens, including accumulated sales.
Brazil court orders ‘Bitcoin Pharaoh’ to return $3.7B to Ponzi scheme victims
A rags to riches man was embroiled in an alleged Ponzi scheme, with investors accusing him of ripping them off worth billions of assets, which is suspected to have funded his extravagant lifestyle.
Brazil court denies “Bitcoin Pharaoh” candidacy in upcoming elections
The so-called Bitcoin Pharaoh was arrested in August last year for defrauding over 27,000 Brazilians in a pyramid scheme that promised guaranteed 10% monthly returns.
Brazil securities watchdog orders Bybit exchange to cease operations
The Brazilian CVM has ordered Bybit exchange to cease offering securities illegally, four months after it commenced operations, just as it banished Binance.
Brazil SEC rebuffs digital asset regulations, wants bigger role
A regulatory framework that was approved by lawmakers in April and currently on the desk of the Office of President gives the Brazilian securities regulator a small role in the digital currency industry.
Brazil’s central bank endorses Itaú’s DeFi liquidity pool proposal
The platform will deploy blockchain and smart contracts in asset custody, currency exchange, and alternative investment financial services and would work similar to liquidity pools on DeFi protocols.
Spain: Banking giant Santander to start digital assets trading in Brazil
Santander Brazil is also considering offering tokenization services to issue traditional market assets as blockchain-based tokens.
Brazil’s largest private bank Itaú plans to debut tokenization platform
In addition to tokenization services, the tokenization platform will introduce digital assets custody services and token-as-a-service (TaaS) offerings.
Brazilian Parliament suspends vote on digital assets regulations bill until October
If passed, the bill will give the executive oversight powers over digital assets firms and will introduce strict sentences for digital assets fraudsters.
Brazilian Federal Deputy proposes to give digital currencies new status and legal recognition
Federal Deputy Paulo Martins has proposed to amend Article 835 of Brazil's Civil Procedure Code to allow digital currencies to be used for payments without giving them legal tender status.