Home » Tag Archives: Brazils

Tag Archives: Brazils

Brazil’s Biggest Brokerage is Officially Joining the Cryptocurrency Markets

Brazil’s largest independent brokerage is the latest example of a retail stock exchange to enter the cryptocurrency markets amidst a growing movement for stock exchanges to offer retail investors access to cryptocurrencies. Grupo XP, the owner of XP Investmentos SA, the largest independent brokerage in Brazil, announced that they would be moving into the cryptocurrency markets by offering a platform ...

Read More »

Brazil’s Antitrust Watchdog Probes Banks for Restricting Crypto Exchanges

Brazil’s antitrust watchdog, the Administrative Council for Economic Defense (CADE), has recently launched an investigation into whether the country’s banks are purposefully harming cryptocurrency exchanges by restricting their operations. According to Reuters, the investigation is set to find out whether the banks abused their position in the market to harm the crypto exchanges’ businesses in alleged monopolistic practices. Banks set ...

Read More »

Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade

Brazil’s antitrust regulator is reportedly inspecting six major national banks for alleged monopolistic practices in the crypto space, Reuters reports September 18. Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE), which operates under the Ministry of Justice (MJ), has purportedly launched a probe on Tuesday to find out whether the country’s largest banks closed the accounts of brokerages ...

Read More »

Brazil’s Government Sends Local Cryptocurrency Exchanges a Questionnaire

The Brazilian government has reportedly sent the country’s top cryptocurrency exchanges an inquiry in an attempt to know more about their businesses and study their potential use in money laundering. According to a report from local news outlet Portal do Bitcoin, the government has been sending the crypto exchanges a 14-point questionnaire through their contact forms for the last two ...

Read More »

Brazil’s Central Bank Develops Blockchain Data Sharing Platform for Financial Regulators

Brazil’s central bank has created a permissioned digital ledger platform that will enable data sharing among financial regulators, Finextra reports today, June 20. The ledger, called the Information Integration Platform for Regulators (Pier), will be used by regulators to exchange information on general authorization processes of financial institutions, ranging from administrative processes to the conduct of employees. Additional information not ...

Read More »

Brazil’s Central Bank Unveils Blockchain Data Exchange for Regulators

Brazil’s central bank has unveiled details of a newly-developed blockchain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the blockchain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic regulators, the BSB said in ...

Read More »

Brazil’s ABCB Wants Banks to Begin Servicing Cryptocurrency Firms Again

Brazil is not necessarily the hottest region when it comes to cryptocurrency ecosystems. Even so, there appears to be a growing Bitcoin movement in the country. It has become apparent that Brazilian banks do not take kindly to Bitcoin and other currencies, yet they are facing some pushback from the Brazilian Association of Cryptocurrencies and Blockchain. The Current Bitcoin Situation ...

Read More »

Brazil’s Operação Lava Jato Paves The Way To Blockchain Implementation: Expert Take

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV ...

Read More »

Brazil’s Largest Brokerage Firm May Be Launching an OTC Bitcoin …

Brazil is home to half of South America’s population and wealth, and right now, the country’s largest investment broker firm may be primed to launch an over-the-counter (OTC) bitcoin exchange. XP Investimentos has not made any official announcements on the matter, but according to reports in Portal do Bitcoin on Tuesday, April 17, 2018, the investment firm is behind a ...

Read More »

Brazil’s Biggest Investment Firm To Launch OTC Crypto Exchange, Local Sources Say

Brazil’s largest investment company XP Investimentos is allegedly seeking to launch an over-the-counter (OTC) Bitcoin exchange, local news outlet Portal do Bitcoin revealed Tuesday, April 17. Appearing to confirm documents filed with Brazil’s Department of Federal Revenue, anonymous sources told Portal do Bitcoin that the company was specifically eyeing the OTC market. The reported move is the first for XP, ...

Read More »