Written by: ( June 29, 2022 )
MercadoLibre, one of the largest e-tailers in Latin America, has announced that it will expand its range of cryptocurrency-related services to Brazilian customers. According to the company, customers can now deposit crypto using third-party services through Mercado Pago, its payment processing company. In a memo sent to media outlet Portal do Bitcoin by Mercado Pago, […]
Written by: ( June 20, 2022 )
Binance has stopped Brazilian real-based direct withdrawals and deposits this week due to a change at its secondary payment provider. However, the exchange stated that it would make the necessary changes in order to address this issue in the future and continue offering these services to Brazilian customers. The exchange explained the situation in a […]
Written by: ( May 13, 2022 )
According to a report by Info Money, Brazil’s largest financial broker, XP, plans to launch a cryptocurrency trading platform in the country. This will allow customers to trade, buy and hold Bitcoin and other cryptocurrencies, and comes with the help of NASDAQ. The platform will be known as XTAGE. It was created in partnership with […]
Written by: ( April 29, 2022 )
Brazil’s Senate has approved a bill that would regulate cryptocurrencies in the country. The proposal, which provides guidelines for the “provision of virtual asset services,” must now be approved again by Deputies. The Plenary of the Senate approved the regulation of the national cryptocurrency market this past Tuesday. The text now heads to the Chamber […]
Written by: ( March 28, 2022 )
Rio de Janeiro announced a plan for cryptocurrency to be used in its tax payment options. The municipality’s officers announced plans to begin collecting cryptocurrency for the tax next year at a recent meeting where Mayor Eduardo Paes was present. The municipality collects this tax on the citizens’ properties and their values. Rio de Janeiro […]
Written by: ( December 3, 2021 )
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 […]
Written by: ( November 9, 2021 )
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 […]
Written by: ( October 4, 2021 )
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 […]
Written by: ( September 8, 2021 )
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, […]