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Tag Archives: Brazils

Brazil’s Tax Regulator Wants to Snoop on Cryptocurrency Businesses

Twitter Facebook LinkedIn Brazil’s Department of Federal Revenue (RFB) has recently revealed it’s looking to monitor the activities of businesses dealing with cryptocurrency, a move it claims will help it prevent tax evasion and money laundering. Brazil’s Tax Man Wants to Monitor Crypto Firms According to local news outlet G1, the RFB published a document that reveals Brazil-based cryptocurrency exchanges ...

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Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, allowing more than three million ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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