Tag Archives: brazil

TL;DR Binance will add two pairs to its Bots program, enabling direct trading against the Brazilian Real. On the other hand, it will delist several trading pairs, with some of the affected cryptocurrencies experiencing a brief price decline following the disclosure. The Upcoming Addition The leading cryptocurrency exchange will add BTC/BRL and USDT/BRL to the list of trading choices on Binance Trading Bots services. The new offerings will become available to users tomorrow...

The Brazilian Securities and Exchange Commission (CVM) has greenlighted a second Solana exchange-traded fund (ETF) weeks after it approved its first one on August 8. According to the CVM’s central database, the product will be launched by Hashdex, an asset manager based in Brazil, in collaboration with the local investment bank BTG Pactual. Brazil’s Second Solana ETF However, the newly approved Solana ETF remains in a pre-operational phase. Hashdex manages over $962 million...

Brazil’s Securities and Exchange Commission (CVM) has approved the country’s first Solana-based exchange-traded fund (ETF). The approval, granted on August 7, positions Brazil ahead of other countries, particularly the United States, where the process of approving Solana ETFs remains in its early stages with uncertain prospects. Brazil’s Solana ETF Receives Preliminary Approval According to Exame, a local news outlet, the newly approved Solana ETF is currently in the...

São Paulo-based Nubank announced the launch of a new feature that allows withdrawals and deposits of Bitcoin and cryptocurrencies. With this latest move, customers will now be able to send and receive Bitcoin, Ethereum, and Solana using the Nubank app. The withdrawal and deposit options are now available, allowing users to check the functionality on the app’s main crypto screen. Nubank Adds Bitcoin and Cryptocurrency Features to App The launch includes an initial selection of...

Itau Unibanco, Brazil’s largest bank, has officially entered the cryptocurrency exchange market, launching a trading service for its investment platform clients. The service debuted on Monday and enables users to trade Bitcoin and Ether, the two most popular cryptocurrencies. Itau Expands Crypto Trading with Diverse Portfolio According to a Reuters report, Guto Antunes, the head of digital assets at Itau, revealed that the bank plans to expand its offerings to include other...

The Brazil Senate has approved new rules that will mandate locals to pay up to 15% tax on income generated from cryptocurrencies on offshore exchanges. According to a live recording from the Federal Senate, the new rule applies to crypto users with assets worth more than R$6,000 ($1,200) on all offshore exchanges. Brazilian Crypto Users to Pay 15% Tax The proposed bill has gained approval from the Chamber of Deputies and the Senate’s Economic Affairs Committee. It is on its...

The Brazilian authorities have reportedly launched an investigation against one of the greatest soccer players of all time – Ronaldo de Assis Moreira (better known as Ronaldinho) – over allegations that he might have participated in a cryptocurrency scam. The athlete was summoned to testify on the matter but failed to appear in court without giving explanations for his absence. Expected to Show up in Court Next Week According to recent coverage, the former star of FC...

The central bank digital currency (CBDC) issued by Banco Central do Brasil is reportedly set to see the light of day in 2024. Its main purpose will be to boost financial services in the country. The South American nation is not the only one willing to introduce such a monetary product. China, Russia, Japan, Australia, the United Kingdom, and many more have also displayed such intentions.  As reported by Reuters, Brazil’s CBDC will be named DREX and is expected to go live next...

Brazil has been developing a CBDC for some time now. If all goes according to plan, the digital Real will be launched sometime in 2024. Once launched, it would support retail payments for anyone inclined to use it, backing up the payment with funds in the users’ bank accounts. Planning Ahead The Brazilian CBDC would not, however, interfere with other payment methods common in Brazil, such as Pix. According to a spokesman for the Brazilian government, the decision to push on...

Mercado Bitcoin – the largest cryptocurrency exchange in Brazil – will reportedly participate in the country’s pilot project to launch a digital real. The central bank intends to issue such a financial product in 2024. The List of Contributors As reported by a local media outlet, Banco Central do Brasil has authorized Mercado Bitcoin to take part in the CBDC development. Speaking on the matter was Fabricio Tota – director of new business at the exchange: “Our participation...