Nubank to launch loyalty tokens on the Polygon blockchain
Dubbed Nucoin, the token creation process will receive collaboration from 2,000 clients in the following months.
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Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive…
$50B asset custody platform GK8 enters Brazil with license agreement
Brazil is becoming a hotbed for crypto adoption, with the country’s tax authority recently claiming that over 12,000 companies hold digital assets.
Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities
The Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM…
Over 12,000 Brazil companies declare crypto holdings in record high
August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded.
Brazil Police Busted the ‘Bitcoin Sheikh’ for Stealing Over $766 Million (Report)
Brazil’s Federal Police reportedly halted the operations of a criminal gang led by the businessman Francisco Valdevino da Silva, a.k.a “Bitcoin Sheikh.” The authorities claimed that the wrongdoers defrauded thousands…
Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and…
Brazil’s BRB Bank Pays 50 BTC After Being Targeted by a Ransomware Attack
On October 3, the Bank of Brasilia, a Brazil-based bank controlled by the government, fell victim to ransomware for which a group of hackers demanded 50 BTC as a reward…
Brazilian Presidential Candidate ‘Lula’ Da Silva Signals Support for Central Bank of Brazil Involvement in Crypto Regulation
The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil…
Binance opens two new offices in Brazil as team doubles since March
Binance revealed it has more than 150 employees to cover its operations in Brazil and appears to be in good standing with the local government and regulatory agencies.
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