Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today
Beginning today, Aug. 1, Brazil citizens are obligated to report on their crypto transactions with the country’s tax authority, the Department of Federal Revenue (RFB).
Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto
The head of a major Brazilian trade association, the Federation of Industries of the State of São Paulo (FIESP), said that Brazilians could start using crypto to evade taxes.
Brazilian State Launches Blockchain Platform for Government Contract Bids
In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12.
Brazilian coffee cooperative to launch a coffee-backed cryptocurrency
One of the largest Brazilian arabica bean cooperatives is brewing up a cryptocurrency of its own.
Brazil Requires New Diplomats to Know About Blockchain and Crypto
The Brazilian diplomatic academy, the Rio Branco Institute, will now require that candidates have knowledge of cryptocurrencies and blockchain, Cointelegraph Brazil reported on July 8.
Brazil Requires Crypto Exchanges to Report on User Transactions to Authorities
The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the regulator about users' transactions in order to identify tax fraud, Cointelegraph Brazil reported on June 19.
Facebook Releases Cryptocurrency White Paper for Libra Currency
Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project today, June 18.
Gov’t of Brazil to Consider Bill Requiring Public Administration to Promote Blockchain
The Brazilian government will consider a draft bill that requires all units of local public administrations to promote new technologies such as blockchain, Cointelegraph Brazil reports on June 11.
Exclusive: Microsoft Registers Blockchain and AI Platform for Agriculture in Brazil
Microsoft has registered a suite of applications in Brazil that are designed to improve efficiency in the agriculture sector, according to an exclusive report by Cointelegraph Brazil on June 6.
Brazil Establishes Committee for Cryptocurrency Regulation
The President of the Chamber of Deputies of Brazil has ordered to establish a commission to consider cryptocurrency regulation in the country, Cointelegraph Brasil reported on May 31.
Brazilian Police Arrest Suspect for Money Laundering With Bitcoin
Brazilian police have arrested a man for operating a clandestine drug laboratory and using the leading cryptocurrency bitcoin (BTC) to launder the proceeds, Cointelegraph Brasil reported on April 24.
Brazil: Highest Inflation In 4 Years Propels Bitcoin Volume To Record Highs
The inflation rate in Brazil, the world’s ninth largest economy, spiked to its highest level in four years, driving more people to Bitcoin, as indicated by the recent rise in Bitcoin trading volumes.
Brazilian Bank Aims to Raise $15 Million Through Security Token Offering
A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token.
Crypto Nightmare: This Brazilian Investor Just Accidentally Bought Bitcoin at $20,000
Every crypto investor’s worst nightmare came true for one Brazilian trader, who accidentally bought bitcoin at a massive premium.
First Cinema In Brazil To Accept Bitcoin For Tickets
In 2018, Bitcoinist reported that Major Cineplex Group – the largest movie theater chain in Thailand, was set to start accepting cryptocurrencies as a means of payment for a broad range of services such as the purchase of movie tickets and even popcorn.
Brazil: Government Suspends Indigenous Crypto Plans, New President Criticizes Project
Jair Bolsonaro, the new Brazilian president who has officially taken office a week ago, has criticized a project offering to create a cryptocurrency for indigenous people in a Jan. 7 tweet.
Fintech Unicorn Brex Considers Brazil Launch
Brazil is a possible future destination for financial services startup Brex - even if that is unlikely to happen in the short-term.
Brazilian Retail Chain Adds Crypto as a Payment Option
A Brazilian supermarket chain called Oásis Supermercados has added cryptocurrency as a payment option.
Crypto Exchange Huobi Dismisses 6 of Its 10 Employees in Brazil: Report
Major cryptocurrency exchange Huobi has recently dismissed 60% of its workforce in Brazil, a country it entered a few months ago. While the motive behind the move is currently unclear, competition in the country could be the culprit.
Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees
Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.”