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E-commerce Giant MercadoLibre Launches its Own Cryptocurrency MercadoCoin in Brazil

On August 18, MercadoLibre Inc, a multinational e-commerce company based in Latin America, announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in its loyalty program.…

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President of Central Bank of Brazil Disagrees With ‘Heavy Hand’ Regulations for Cryptocurrencies

The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is…

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Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations

Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the withdrawals…

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Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil

Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows…

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Brazilian Congress Fails to Vote on Cryptocurrency Bill, Next Discussion Scheduled for September

The Brazilian Congress failed to address a proposed cryptocurrency bill this week. While the proposed public policy was indeed on the agenda, the deputy chamber focused on discussing bills that…

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Soccer Transfer in Crypto: São Paulo Paid $8 Million in USDC for Banfield Player

The Buenos Aires-based soccer team Banfield sold one of its best players (Giuliano Galoppo) to the Brazilian giant São Paulo. Interestingly, the latter paid the transfer sum in cryptocurrencies instead…

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Santander to Offer Cryptocurrency Services in Brazil in the Coming Months

Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview…

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