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When PIX is implemented, a number of Brazilan banks could take a hit. Point-of-sale machines and payment processing firms could become scarce Go to Source Powered by WPeMatico
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims to limit the use of paper money and … Read more
Brazil’s central bank president stated that its new payment platform is intended to compete with blockchain-based payment technologies Go to Source Powered by WPeMatico
Whenever a government introduces new regulations, there will be consequences. Brazilian officials have taken a tough stance against cryptocurrency service providers in the country. It was a matter of time until official crypto regulation came to be in Brazil. Crypto Regulation in Brazil It is one of the countries where Bitcoin and other currencies continue … Read more
Crypto exchanges based in Brazil face huge fines or being shut down Go to Source Powered by WPeMatico
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep … Read more
Scammers may be ditching Bitcoin for prepaid bank cards, according to a new report by Kaspersky Lab Go to Source Powered by WPeMatico
Binance presents Latamex, a new platform that allows Latin American users to buy crypto using local fiat currency Go to Source Powered by WPeMatico
The tax authority of Brazil fines taxpayers who fail to declare their Bitcoin and crypto transactions Go to Source Powered by WPeMatico
BRICS member nations discussed the creation of new crypto at recent summit Go to Source Powered by WPeMatico
