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Meliuz, a prominent Brazilian company, has achieved a significant milestone by becoming the first Bitcoin treasury company in the country. This transformation was made possible after receiving approval from its shareholders. Embracing Bitcoin as part of its treasury strategy marks a groundbreaking move for Meliuz and sets a new standard in the Brazilian business landscape. [...]
In a recent development, a Brazilian court has granted permission for the seizure of cryptocurrencies to be used for debt collection. This decision marks a significant step towards integrating digital assets into the legal framework of the country. The court’s ruling is expected to have a far-reaching impact on how debts are collected in Brazil, [...]
The post Brazilian Court Grants Permission to Seize Cryptocurrency for Debt Recovery Report appeared first on Crypto Breaking News.
Brazils Superior Court of Justice has decided that cryptocurrency stored on local platforms can be frozen if someone fails to pay what they owe. Judges are now allowed to take these funds to help repay lenders when debts remain unpaid. The Brazilian Superior Court of Justice (STJ) has given courts the right to alert crypto […]
Brazil’s Data Protection Authority, known as ANPD, is closely monitoring developments in the world of cryptocurrency payments. With the increasing popularity of digital currencies, the ANPD is taking proactive steps to ensure that data protection standards are maintained in this rapidly evolving landscape. Cryptocurrency payments present unique challenges when it comes to data privacy and [...]
The post Brazilian Data Watchdog Affirms Decision to Prohibit Global Cryptocurrency Transactions appeared first on Crypto Breaking News.
The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will improve cooperation with its African counterpart. Brazil Wants the New Development Bank Under BRICS to Strengthen as [...]
The post Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says appeared first on Crypto Breaking News.
Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian President Luiz Inacio Lula da Silva reiterated Wednesday that
The post Brazil’s President Lula Voices Support for BRICS Currency appeared first on BTC Ethereum Crypto Currency Blog.
While Musk has a bigger frame and height advantage at 6’1, Zuckerberg has now been training in Brazilian Jiu-Jitsu for nine months.
The license will allow the exchange to continue to offer regulated fiat wallet services for Brazilian customers.
<p class="text-align-justify">Bitget, a cryptocurrency exchange now based in Seychelles, has introduced Brazilian real (BRL) trading pairs as the first batch of its new on-ramp fiat trading pairs for spot traders on its platform. </p><p class="text-align-justify">Bitget announced on Friday that the new pairs includes USDT/BRL, ETH/BRL and BTC/BRL even as “the team is looking to roll out more fiat currency trading pairs on the plaform.” </p><p class="text-align-justify">“The new solution provides users with the option of spot trading cryptocurrency direct with fiat currency, therefore, lowering the reliance on stablecoins and over-the-counter services,” Bitget said.</p><p>The new development comes a week after Bitget launched its operations in Brazil and enabled crypto purchases with Brazilian reals. The firm also integrated with the Brazilian government’s Pix payment system and announced that its users will be able to executive withdrawals in the country’s fiat currency by November 30.</p><p>In the Friday statement, Bitget noted that it launched the fiat on-ramp service in partnership with Pix. However, it added that the system runs alongside off-ramp solutions it current provides globally.</p><p>Furthermore, Bitget noted that the trading pairs will first be introduced to markets in Latin America “where the adoption rate of crypto is highest amongst the general public.” The exchange added that the region is an important market for its global expansion.</p><p>Eyes on Global Expansion</p><p>Speaking on the new development, Gracy Chen, Bitget’s Managing Director described the launch as “one of our significant milestones this year.” Last month, the firm <a href="https://www.financemagnates.com/cryptocurrency/bitget-presents-insights-social-trading-platform/">launched ‘Biget Insights,’</a> a feature that makes trading insights from verified traders on social media accessible to Bitget’s users.</p><p>“To create accessible gateways to serve the international communities, we will be working hand-in-hand with top-notch and recognized payment solution providers to be compliant in linking local economies, businesses, and marketplaces with digital assets. We hope this will bring a better experience and easier accessibility to more users, which is crucial for crypto mass adoption,” Chen explained, speaking on the trading pairs.</p><p>Earlier this month, Bitget <a href="https://www.financemagnates.com/cryptocurrency/bitget-raises-protection-fund-to-300m-after-ftx-turmoil/">increased its protection fund,</a> which was first introduced in July, to $300 million following FTX's collapse. The exchange also announced the <a href="https://www.financemagnates.com/cryptocurrency/bitget-opens-in-seychelles-wants-to-double-staff-globally/">opening a Seychelles office</a> some days ago, months after disclosing that it will <a href="https://www.financemagnates.com/cryptocurrency/bitget-to-increase-its-global-workfoce-despite-global-crypto-layoffs/">double its global workforce</a> despite contrary developments in the crypto industry.</p><p>Meanwhile, in Octobr, Bitget expanded its sports deal roster by <a href="https://www.financemagnates.com/cryptocurrency/leo-messi-becomes-bitget-crypto-exchange-ambassador/">unveiling football star Lionel Messi</a> as it brand ambassador. The crypto firm currently manages sports deal with football clubs Juventus F.C. (Italy) and Galatasaray (Turkey).</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
The winning candidate of the Workers' Party considers that digital assets should be regulated by the Central Bank.
August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded.
The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding, establishes a deadline for the completion of the project, which should be finished in five… More
The post Brazilian Development Bank Sets Deadline for Completion of Blockchain Network appeared first on BTC Ethereum Crypto Currency Blog.
The Web 3 ETF (WEB311) will track Web 3 firms that are expected to benefit from technology infrastructure. (Read More)
Visa is further expanding its cryptocurrency services. The payment giant firm is working in Brazil to integrate cryptocurrency services into the local banking system. (Read More)
On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more sustainable behaviors. ‘CBDC Preview’ — Bank Customer [...]
The post C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking appeared first on Crypto Breaking News.
Crypto execs are confident that it wont be easy to enforce Brazils self-custodial stablecoin ban, with many examples proving that further decentralization is inevitable.
Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask.
Brazil’s President Luiz Inacio Lula da Silva has reaffirmed his call to shift away from the U.S. dollar in global trade. He also revealed his stance on the expansion of the BRICS economic bloc ahead of the group’s upcoming summit. “I have said publicly, why does Brazil need the dollar to trade with China?” he [...]
The post Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion appeared first on Crypto Breaking News.
Luiz Inacio “Lula” Da Silva, President of Brazil, remarked on the need to retake South American integration mechanisms through the Union of South American Nations (USAN). Lula also proposed to shift away from the U.S. dollar by using a standard reference currency for bilateral settlements among countries in the region. Brazil’s Lula Proposes to Unite
The post Lula Proposes to Revitalize South America Union USAN; Reinforces Need of Shifting Away From US Dollar appeared first on BTC Ethereum Crypto Currency Blog.
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