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26% Brazilians Invested in Crypto over Last 6 Months, Study Shows

26% Brazilians Invested in Crypto over Last 6 Months, Study Shows

A transition to cryptocurrencies as a means of payment and store of value by 26% of Brazilians in the last six months has been prompted by being unbanked or underbanked and high inflation rates, according to a study by crypto exchange KuCoin.

Brazilian fintech giant XP Inc Launches Crypto Trading Platform XTAGE

Brazilian fintech giant XP Inc Launches Crypto Trading Platform XTAGE

Brazilian fintech giant XP Inc has announced the official launch of the XTAGE cryptocurrency trading platform in Brazil, opening the door for more than 3.6 million potential users to invest in the cryptocurrency market.

Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward

Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward

The Central Bank of Brazil is planning the potential issuance of a Central Bank Digital Currency (CBDC) by setting up a research study group.

Brazil's Tax Authority Cracks Down on Unreported Bitcoin Holdings

Brazil's Tax Authority Cracks Down on Unreported Bitcoin Holdings

The Brazilian Federal Revenue Service identifies over 25,000 individuals with undeclared bitcoins, leveraging advanced technologies to enforce tax compliance in the cryptocurrency sector, signaling increased scrutiny and regulatory measures for crypto investors.

Brazil Highlights Blockchain Technology as a Digital Strategy Goal

Brazil Highlights Blockchain Technology as a Digital Strategy Goal

Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.

Authorities in the U.S and Brazil Disrupt Crypto Fraud Ring

Authorities in the U.S and Brazil Disrupt Crypto Fraud Ring

The United States Immigration and Customs Enforcement recently reported an investigation by the Brazilian National Police, U.S. Homeland Security Investigations (HSI) and other law enforcement agencies that led to the disruption of crypto-related fraud across several countries but with operational base in Curitiba, Brazil

Brazil Securities and Exchange Commission Bars Bybit Offering Crypto Trading

Brazil Securities and Exchange Commission Bars Bybit Offering Crypto Trading

Brazilian Securities and Exchange Commission (CVM) ordered the ban on cryptocurrency exchange Bybit from engaging in the securities brokerage business.

Wikimedia Foundation Has Suspended Crypto Donation on its Platforms

Wikimedia Foundation Has Suspended Crypto Donation on its Platforms

The Wikimedia Foundation has announced that it is going to suspend cryptocurrency donations across its wide range of platforms.

Rio de Janeiro Plans to become "Crypto Rio" by Storing Part of its Reserves in Bitcoin

Rio de Janeiro Plans to become "Crypto Rio" by Storing Part of its Reserves in Bitcoin

Following in the footsteps of Miami, Brazilian city Rio de Janeiro plans to enter the crypto space by having 1% of its reserves in Bitcoin.

May 26: It's Always Been There

May 26: It's Always Been There

Strategy today? With SPX e-mini futures now just shy of 20 points from 3,000 level and the highest it's traded since the March 23 crash, I expect BTC to follow. Expectedly, this recent sell off has been mostly triggered by large players (i.e. whales) trimming their positions.

Elliptic to Provide AML Services to Zilliqa’s Blockchain Network

Elliptic to Provide AML Services to Zilliqa’s Blockchain Network

Elliptic, a London-based blockchain analytics startup, has partnered with Zilliqa, a Singapore-based blockchain network provider, to propel the infrastructure compliance and security of the latter’s network by offering an anti-money laundering (AML) compliance support.

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