Written by: ( September 12, 2022 )
The Brazilian Securities and Exchange Commission (CVM, for its Portuguese acronym) is pressing for changes to the cryptocurrency bill. This will clarify how virtual assets in Brazil will be treated. This new directive is a departure from the previous administration that had not made any proposals about this bill. The CVM specifically requests that the […]
Written by: ( September 9, 2022 )
The cryptocurrency market is maturing, although perhaps not as fast as some would like. Still, the adoption rate of cryptocurrency is increasing. Global financial institutions are using crypto to increase their access to financial services and speed up transactions. They are also exploring crypto as a way to reduce costs and friction in the financial […]
Written by: ( September 7, 2022 )
Several countries are forging a path to legitimize cryptocurrencies. Brazil is one, but its direction is more circuitous. The latest information on tax filings includes a record number of crypto statements, an indication that the path toward regulation is becoming clearer. The Brazilian tax authority (RBF, for its Portuguese acronym) has reported more than one […]
Written by: ( September 6, 2022 )
The Bellatrix upgrade was made available to the Beacon Chain today. This is part of Ethereum’s Merge, which will eventually transform the cryptocurrency blockchain from a proof-of-work (PoW) consensus system to proof-of-stake (PoS), and drastically reduce its environmental impact. The Ethereum mainnet, or the public network used by everyone, and the Beacon Chain are currently […]
Written by: ( August 31, 2022 )
The Turkish Interior Ministry announced Tuesday that its search for the founder of cryptocurrency exchange Thodex is over. Faruk Fatih Ozer is suspected of having fled Turkey along with the assets of his exchange clients and has been arrested in Albania. Turkey issued an international warrant of arrest in April 2021 for Ozer, who fled […]
Written by: ( August 29, 2022 )
Argentina-based cryptocurrency exchange Ripio is bringing its prepaid cashback and debit card to Brazil. The company has announced that it’s ready to make the move, giving account holders the ability to use the card to pay at traditional points-of-sale using their crypto holdings. In addition, they can make payments in 28 cryptocurrencies and receive 5% […]
Written by: ( August 23, 2022 )
Large multinational corporations have not been discouraged by the emergence of crypto winter. An example of this is a new report that shows that Samsung is considering launching its own cryptocurrency exchange. Samsung Securities, a subsidiary of Samsung Futures Inc., is one of seven companies that submitted applications for preliminary approval to create a corporation […]
Written by: ( August 22, 2022 )
Australia announced Monday that it will conduct a virtual inventory of its cryptocurrency holdings. This was the first indication from the center-left government about its plans to regulate the $1-trillion sector. Treasurer Jim Chalmers stated that his department would conduct “token mapping,” cataloging of the types and uses of digital currency within the country. This […]
Written by: ( August 19, 2022 )
The Crypto platform Wirex is working to include SEPA (Single European Payments Area) Instant Payments and Faster Payments. This will make it easier for users in the UK and the European Economic Area (EEA) to transfer pounds or euros between their Wirex accounts and bank accounts. Wirex has partnered with Modulr, a digital payment infrastructure […]
Written by: ( August 17, 2022 )
A Colombian official has suggested that there may be a national digital currency plan, despite the country’s unexpected economic growth in the second quarter. Luis Carlos Reyes of the Colombian Tax and Customs National Authority claimed that newly elected President Gustavo Petro would seek to create a cryptocurrency in order to stop illicit financial activity […]