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Mercado Libre to allow cryptocurrency transactions in Brazil

Mercado Libre, Latin America’s largest eCommerce business by market capitalization, announced Thursday that Paxos’ blockchain infrastructure is being integrated by Mercado Libre. Users in Brazil will now be able to buy and sell cryptocurrencies. Mercado Libre says that, beginning later in the month, users will be able to use Mercado Pago – Mercado Libre’s online […]

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A Brazilian congressman wants employees to be paid in cryptocurrency

Brazilian congressman Luizao Goulart, a federal delegate, has suggested a bill to legalize cryptocurrency payments as a way of paying public and private sector workers. Goulart’s proposal calls for a new law allowing all Brazilian workers to have the option to request cryptocurrency-based pay from their employers. However, the bill stipulates that the payments can […]

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Brazil to crack down on cryptocurrency-related financial crimes

Brazilian officials are attempting to give stricter guidelines to cryptocurrency-related violations, supporting a bunch of new penalties for laundering cash with digital currency. Brazil’s Special Committee of the Chamber of Deputies has supported a bill that essentially applies harsher punishments for financial crimes that utilize digital currencies. The most recent administrative corrections are important for […]

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Visa looks to support cryptocurrency payments in Brazil

In a new interview with Brazilian media source Seu Dinheiro, Eduardo Abreu, VP of new business at Visa, acknowledged that the payments giant plans on incorporating cryptocurrency as a payment option on its platform. Although no timeline was given, Abreu explained that Visa is exploring the possibility of allowing cryptocurrency to be used for purchases, […]

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