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Coinxhigh now delivers the latest Crypto News from brazil, breaking Stories & Updates from the crypto world.

Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved

The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country. 158 government officers, including 130 federal policemen, were involved…

Huobi Partners With Astropay to Facilitate Fiat Payments in Latam

Huobi Global, one of the biggest exchanges in volumes traded, has announced a partnership to make it easier for its Latam-based customers to acquire cryptocurrencies. The exchange has allied with Astropay, a payment services platform, to allow customers in Latam to purchase cryptocurrency with fiat currencies in several countries.…

Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch

Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted…

Brazilian Securities Watchdog Demands Changes in Cryptocurrency Bill

The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon…

Latin America is ready for crypto — just integrate it with their payment systems

Thriving on exploiting users’ data, Web2 monopolies like Facebook and Google have ushered in an era of massive internet centralization in recent years. This concentration of power has enabled huge shares of communication and commerce closed platforms, giving users little control over how their data is collected. An emerging…

Brazilian Tax Authority Registers Record Number of Cryptocurrency Statements

The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise in the number of women holding…

CVM Prohibits ByBit From Operating in Brazil

The Brazilian Securities and Exchange Commission (CVM) barred Singapore-based crypto exchange Bybit from operating in securities brokerage on September 6. This is not the first time a foreign crypto exchange seeking to operate in Brazil has been publicly warned about its actions. Brazil’s New Securities Trading Prohibited CVM Cautions…

Brazil Securities and Exchange Commission Bars Bybit Offering Crypto Trading

Brazilian Securities and Exchange Commission (CVM) ordered Monday the ban on cryptocurrency exchange Bybit from engaging in the securities brokerage business. In a statement released on Monday, the CVM ordered the suspension of ByBit’s “public offering of any securities intermediary services, directly or indirectly, to Brazilian users, including through…

Brazilian SEC Seeks Adjustment to Crypto Regulation

The Brazilian Securities and Exchange Commission (SEC), also known as CVM, is pushing for adjustments to the legal framework of the crypto market in the country. According to local news, there is a disagreement about what digital assets are securities and those that are not. Also, whether or not…

Several Countries Improving Crypto Regulations, US Job Growth Slowed in August

Brazil, Thailand, and South Korea are intensifying the efforts to introduce regulations around crypto and metaverse. US job growth slowed slightly last month. Brazil’s SEC Aims to Change Its Role in Regulating Crypto Recent reports indicate that Brazil’s Securities and Exchange Commision is working on redefining virtual assets as…

Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes

Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September 1st, this being the second round…

Brazilian SEC seeks to change its role in cryptocurrency regulation

The Brazilian Securities and Exchange Commission is reportedly pursuing changes in the country’s legal framework with regard to its regulation of cryptocurrencies.  According to local media, one major concern is that the bill in question does not appear to consider tokens as digital assets or securities — and they…

Brazilian Crypto Firm 2TM Announces Second Round of 15% Layoffs

2TM – the Brazilian startup that owns the Mercado Bitcoin cryptocurrency exchange – announced Thursday that it will lay off 15% of its workforce, or about 100 employees. This is the second round of layoffs at 2TM as the company had already laid off more than 80 jobs in…

Bitcoin is for those in need, the rest need time to learn: Surfin Bitcoin Panel

Bitcoin (BTC) is there for those that need it most; the rest may need time to learn. This message reverberated around the casino conference hall during a panel at Surfin Bitcoin, a Bitcoin-only conference in Biarritz, France, on Aug 26.  Panelists Ben Perrin, a Bitcoin Youtuber; Ernesto Hernandez, a…

Brazil’s Digitra.com Launches Crypto Platform Using Nasdaq’s Cloud-Based Tech

Brazil-based cryptocurrency exchange Digitra.com on Tuesday launched a digital asset trading platform powered by Nasdaq’s cloud-based crypto trading service. Built on market infrastructure technology from Nasdaq, Digitra.com now uses exchange-grade matching technology to provide 24/7/365 robust and frictionless trading services on Digitra.com for retail and institutional investors worldwide. Launched in June…

LIFT: Brazil’s Apex Bank Greenlights Itau DeFi Project, Seven Others 

The Central Bank of Brazil (BCB) has approved the proposals for eight projects that will advance through its Financial and Technology Innovation Laboratory (LIFT) program. Among the selected projects is a decentralized finance (DeFi) liquidity pool from Itau Unibanco, reports The Block on August 29, 2022. The Central Bank…

Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution

Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as…

Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year

Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps of companies…

Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam

Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend on…

Second Biggest Brazilian Bank Bradesco Not Interested in Crypto, Alleges It Is Still ‘Very Small’

Bradesco, one of the biggest banks in Brazil, has stated it does not have plans to enter the cryptocurrency market in the near future. In an interview, Bradesco CEO Octavio de Lazari Junior stated that the company was currently not interested in launching crypto services to its customers, considering…

Brazil’s XP Inc Opens Its Doors to Crypto Trading

XP Inc – a brokerage firm in Brazil – is allowing its clients to invest in digital currencies, suggesting that despite prices crashing in recent months, these new assets are still as popular and as sought after as ever. At the time of writing, the company will purely offer…

Latam Giant Mercado Libre Launches Mercadocoin in Brazil

Mercado Libre, a leading Latam-based e-tailer, has announced the launch of its own token, called “Mercadocoin,” for Brazilian customers. The token will be the main reward of a loyalty program on Mercado Libre’s platform and will be awarded to customers that purchase certain items linked with the token. The…

Ripple Launches Crypto On-Demand Liquidity Service in Brazil

Ripple, a US-based leading provider of crypto solutions for businesses, announced on Thursday the launch of its crypto on-demand liquidity (ODL) in Brazil. According to the statement, Travelex Bank will become the first Brazilian financial institution to use the ODL to boost its trading activities. Ripple’s ODL solution uses…

Brazil’s Bank BTG Pactual Launches Crypto Trading Platform

BTG Pactual, Brazil’s sixth largest investment bank, has launched its cryptocurrency trading platform. André Portilho, head of digital assets at BTG Pactual, confirmed that the crypto trading platform, called Mynt, is now officially available to the public. “Cryptocurrencies are a new technology with great potential for transformation, bringing with it…

Brazillian Brokerage Firm Introduces Trading For Crypto Assets Amid Bear Market

With the gradual crypto market recovery, many players are regaining their confidence in the sector. As a result, more and more support for crypto and its products is already resuming after the terrible crypto winter. For instance, another brokerage giant in Brazil has just launched support for BTC and…

Brazil’s XP Investimentos Launches XTAGE Crypto Trading Platform

Brazil’s XP Investimentos has successfully rolled out a new digital assets trading platform dubbed XTAGE. The platform will leverage Nasdaq Exchange’s technology to offer millions of Brazilians bitcoin (BTC) and altcoins trading services, according to a Nasdaq tweet on August 15, 2022. XP Inc Launches New Crypto Trading Service…

Brazil’s Digital Banking Platform Nu Holdings Adds 5.7m new customers in Q2

Fintech unicorn Nu Holdings has added 5.7 million new customers in the second quarter of 2022. The Brazilian digital banking platform now has 65.3 million people and businesses using its services. Nu has achieved a growth in customers by 57% year-over-year in the second quarter – an upward trend…

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 indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal…

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 would be stopped for at least six months. The company has been investigated by the Brazilian Securities and Values…

Brazilian payment app PicPay launches crypto exchange with Paxos

Major Brazilian payment application PicPay is moving into cryptocurrencies by integrating a crypto exchange service allowing users to buy Bitcoin (BTC) and Ether (ETH). The firm officially announced on Wednesday that PicPay clients can now buy, sell and store two major cryptocurrencies, BTC or ETH, directly on its app.…

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