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Brazil Presidential Candidate Trusts Bitcoin’s Potential as a Legal Means of Payment

August 10, 2018 by Aisshwarya Tiwari at Adoption, Bitcoin, Blockchain, Finance, News, Regulation

Running for Presidency this October from Partido NOVO, or The New Party, João Amoêdo believes that a digital currency like bitcoin could be adopted in the Brazilian economy to establish an efficient digital payment mechanism, provided there are enough regulations to supervise its use. Amoedo shared his thoughts during an...

Brazilian Authorities Shutter International Cocaine Ring Financed Using Bitcoins

July 18, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Crime, News

The Brazilian Police force has successfully arrested several members of an international drug syndicate using cryptocurrency to launder proceeds from their illicit deals. End of the Road According to local news Folha de S. Paulo, Brazil's Federal Police have apprehended 12 people in connection with an international drug trafficking gang...

brazil_now_has_more_than_1.4_million_bitcoin_investors

A battle for Supremacy: Firms in Brazil’s ‘Cryptosphere’ Launch Rival Cryptocurrency Organizations

April 18, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, News, Regulation

Despite warnings from the government, Brazilians have latched onto the crypto bandwagon. With over 1.4 million bitcoiners and crypto investors, the vast South American nation undoubtedly has a vibrant virtual currency ecosystem. Now, bitcoin exchanges and cryptocurrency related businesses are creating rival associations instead of uniting themselves under one umbrella...

Brazilian Authorities Uncover Million Dollar Scam Involving Bitcoin

March 17, 2018 by Rahul Nambiampurath at Bitcoin, Finance, News, Regulation

Police authorities in Rio De Janeiro have uncovered financial irregularities to the tune of $13,625,901 in a food contract for prisons across the city. It is the first case in Brazil where analysis has indicated that the accused used bitcoin to siphon money instead of regular currency. Following the Digital...

São Paulo ‘Anarchist-Capitalists’ Lead Bitcoin Investment Charge

March 16, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

Brazil has been swept up in the Bitcoin craze, accounting for nearly 1.4 million Bitcoin investors and rising. In Sao Paulo, precisely, it’s the digital generation that's earning the attention of formal sector investors. Brazil Was Made for Bitcoin In the bohemian neighborhood of São Paulo, Vila Madalena, young fintech...

Brazilian Pastor Stages Own Kidnapping in an Attempt to Get 3 Bitcoin from Family Members

March 6, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, News

The crypto craze has proved yet again it’s a respecter of no man, as a Christian cleric has faked his kidnap, demanding a three bitcoin ransom from his family. Unfortunately for the greedy pastor, his family couldn’t just end their HODL to fund his release. Spiritual Bitcoin As per Gospel...

Blockchain Could Combat Brazilian Corruption, Help Save Amazon Rainforest

January 27, 2018 by Priyeshu Garg at Blockchain, Commentary, News, Regulation, Tech

Currently embroiled in a massive investigation of graft and down-line corruption, arrests in Brazil have sparked alarm and put blockchain on the agenda as a means of combating future illegal activity. Property Rights and the Imperative for Farming Reporting from Rio de Janeiro, Reuters has detailed how local blockchain supporters...

Brazil Now has More than 1.4 Million Bitcoin Investors

January 25, 2018 by Andrew O Malley at Bitcoin, Commentary, News, Regulation

Brazil’s cryptocurrency was relatively small in early 2017, but with the hype surrounding the sector seeping into the mainstream attention, more and more people got involved as the year went on. Growth Despite Warning Signs The first investors tended to be young, tech-savvy people. As the second and third quarter...

Brazil’s Regulators Block Investment Funds From Investing In Cryptocurrencies

Banks are Turning their Backs on Crypto Exchanges in Brazil

January 24, 2018 by Nuno Menezes at Bitcoin, News, Regulation

Crypto exchanges in Brazil are having rough times as many banks have started to close their doors on them. But, they’re not going down without a fight. String of Difficulties The country’s most prominent cryptocurrency exchange, Mercado Bitcoin, saw its accounts closed at several banking institutions. The company recently filed...

Brazil’s Regulators Block Investment Funds From Investing In Cryptocurrencies

January 16, 2018 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

Local investment funds in Brazil can no longer invest in bitcoin or other cryptocurrencies. This restriction was imposed by the Securities and Exchange Commission of Brazil (CVM), which is currently believed to be in the process of crafting policy for crypto regulation. Brazil Weighs In The CVM issued a circular...

Align Commerce: Rio Olympics a “Great Opportunity” for Expansion

March 11, 2016 by Nuno Menezes at Business, Finance, Interviews, News

Align Commerce is a global Payment Service Provider (PSP) that provides next generation financing services to international commerce and e-commerce companies. Align enables businesses and payment platforms to send and receive payments in local currency, by using the blockchain as a new payment rail. Its payment platform combines the blockchain...

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