Brazil
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Pilot test of the Digital Real successfully completed in #Brazil
According to #Bitcoin Market, it is possible and safe to transact digital assets using a digital representation of the Brazilian real.
#nftcommunity
According to #Bitcoin Market, it is possible and safe to transact digital assets using a digital representation of the Brazilian real.
#nftcommunity
Latin America's new #Bitcoin circular economy is on the world map of citadels.
The Bitcoin citadel project of the Rolante municipality in #Brazil offers nature and adventure tourism in exchange for
#Binance #crypto2023
The Bitcoin citadel project of the Rolante municipality in #Brazil offers nature and adventure tourism in exchange for
#Binance #crypto2023
Explore the Brazilian Central Bank's digital currency (CBDC) pilot project, attracting participation from key players like Microsoft, Visa, and more.
#Adoptions #Brazil #CBDCs #Microsoft #VISA
https://blockchainreporter.net/brazilian-cbdc-trial-attracts-participation-from-visa-microsoft-and-more/
#Adoptions #Brazil #CBDCs #Microsoft #VISA
https://blockchainreporter.net/brazilian-cbdc-trial-attracts-participation-from-visa-microsoft-and-more/
**Just In 🚨**: The Brazilian government has initiated a private blockchain-based digital ID system, with issuance already underway in three states. Blockchain ID cards are set to be distributed nationwide across Brazil by November 6, benefiting its 214 million population. #BlockchainID #Brazil #DigitalIdentity #BlockchainTechnology
🇧🇷 Brazilian President Lula at the BRICS summit:
"I have advocated the idea of great financial integration where we could have a new reference unit which would not replace our national currency." 👀 #Brazil #crypto2023 #BTC
"I have advocated the idea of great financial integration where we could have a new reference unit which would not replace our national currency." 👀 #Brazil #crypto2023 #BTC
INFORMATION HAS BEEN LEAKED about
the #CBDCs of #Brazil And it has been REVEALED that as with #China, the GOVERNMENT Could FREEZE the funds of the citizens
whenever it wanted
BRAZIL NEEDS #bitcoin
#GOATMoments #BinanceTournament $BTC $ETH $BNB
the #CBDCs of #Brazil And it has been REVEALED that as with #China, the GOVERNMENT Could FREEZE the funds of the citizens
whenever it wanted
BRAZIL NEEDS #bitcoin
#GOATMoments #BinanceTournament $BTC $ETH $BNB
Binance provider in Brazil gets payment institution approval
Binance’s partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil.
#Ufin #Binance #LucidHoang #Brazil #crypto2023
Binance’s partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil.
#Ufin #Binance #LucidHoang #Brazil #crypto2023
#Mexico and #Brazil lead the way in the rise of Casual #Gaming in #LatinAmerica
Nearly three quarters (72%) of young Latin Americans in Generation Z (15-25 years old) consider video games to be the "best entertainment format," surpassing social networks and #streaming
Nearly three quarters (72%) of young Latin Americans in Generation Z (15-25 years old) consider video games to be the "best entertainment format," surpassing social networks and #streaming
What does the #Consensys study on #cryptocurrencies and #web3 say about Brazil?
When comparing with #Argentina , we can observe a high similarity of the answers with Brazil. Taking into account that the survey methodology is similar and with a similar sample. What stands out the most, is that almost all Brazilians surveyed have heard about cryptocurrencies and have a greater knowledge about the subject than in Argentina.
A big difference is that in #Brazil the people surveyed have greater confidence in their financial system. To the point that most of them believe that cryptocurrencies should be highly regulated to prevent them from affecting traditional markets.
When comparing with #Argentina , we can observe a high similarity of the answers with Brazil. Taking into account that the survey methodology is similar and with a similar sample. What stands out the most, is that almost all Brazilians surveyed have heard about cryptocurrencies and have a greater knowledge about the subject than in Argentina.
A big difference is that in #Brazil the people surveyed have greater confidence in their financial system. To the point that most of them believe that cryptocurrencies should be highly regulated to prevent them from affecting traditional markets.
📢 Brazil Approves New Income Tax Rules: 15% Tax on Crypto Held Abroad
The Brazilian Senate has given the green light to fresh income tax regulations, signaling a significant change for cryptocurrency holders. Here's the scoop:
🌐 International Impact:
Starting January 1, 2024, Brazilians earning more than $1,200 from foreign-based exchanges will be subject to a maximum tax of 15%. This move comes as part of broader legislation approved by the Chamber of Deputies and awaits President Luiz Inácio Lula da Silva's sanction.
💼 Key Provisions:
Tax Rate: Individuals with earnings from international exchanges will face a tax rate equivalent to domestically held funds.Transitional Period: Funds accessed before December 31, 2023, will be taxed at 8%, while those accessed afterward will be subject to the full 15% rate.Revenue Target: The government has set a revenue target of $4 billion for these taxes in 2024, affecting "exclusive funds" and foreign companies in Brazil's financial market.
🗣️ Voices of Dissent:
Senator Rogério Marinho has criticized the bill, citing poor government management as the reason behind the introduction of this tax.
💡 Context and Regulation:
This move aligns with Brazil's efforts to regulate and tax cryptocurrencies amid their rising popularity. In September, the Banco Central do Brazil outlined plans to tighten cryptocurrency regulations, expressing concerns about potential tax evasion. The central bank gained authority over virtual asset service providers earlier this year, while crypto-based securities are regulated by the Comissão de Valores Mobiliários.
📈 Stay Informed: Follow The Blockopedia for Real-time Updates on Crypto Regulations!
#Brazil #BTC #crypto #cryptocurrency #crypto2023
The Brazilian Senate has given the green light to fresh income tax regulations, signaling a significant change for cryptocurrency holders. Here's the scoop:
🌐 International Impact:
Starting January 1, 2024, Brazilians earning more than $1,200 from foreign-based exchanges will be subject to a maximum tax of 15%. This move comes as part of broader legislation approved by the Chamber of Deputies and awaits President Luiz Inácio Lula da Silva's sanction.
💼 Key Provisions:
Tax Rate: Individuals with earnings from international exchanges will face a tax rate equivalent to domestically held funds.Transitional Period: Funds accessed before December 31, 2023, will be taxed at 8%, while those accessed afterward will be subject to the full 15% rate.Revenue Target: The government has set a revenue target of $4 billion for these taxes in 2024, affecting "exclusive funds" and foreign companies in Brazil's financial market.
🗣️ Voices of Dissent:
Senator Rogério Marinho has criticized the bill, citing poor government management as the reason behind the introduction of this tax.
💡 Context and Regulation:
This move aligns with Brazil's efforts to regulate and tax cryptocurrencies amid their rising popularity. In September, the Banco Central do Brazil outlined plans to tighten cryptocurrency regulations, expressing concerns about potential tax evasion. The central bank gained authority over virtual asset service providers earlier this year, while crypto-based securities are regulated by the Comissão de Valores Mobiliários.
📈 Stay Informed: Follow The Blockopedia for Real-time Updates on Crypto Regulations!
#Brazil #BTC #crypto #cryptocurrency #crypto2023
Brazil's Central Bank Pix Joins Ramp Network's Payment Solutions, Boosting Cryptocurrency Adoption
Brazil's central bank digital currency (CBDC), Pix, has joined Ramp Network's payment solutions, making it possible for Brazilians to purchase cryptocurrencies using Pix. This integration is a significant step forward for cryptocurrency adoption in Brazil, and it could help to make cryptocurrencies more accessible to the country's population of over 210 million people.
Pix is a real-time instant payment system that was launched by the Central Bank of Brazil in 2021. It has quickly become one of the most popular payment methods in the country, with over 70% of Brazilians using it regularly. Pix is known for its speed, convenience, and low fees.
Ramp Network is a fiat-to-crypto gateway that allows users to purchase cryptocurrencies with a variety of payment methods, including bank transfers, credit cards, and mobile wallets. With the integration of Pix, Ramp Network users in Brazil will now be able to purchase cryptocurrencies instantly and with low fees.
The integration of Pix into Ramp Network's payment solutions is a significant development for cryptocurrency adoption in Brazil. It makes it easier and more convenient for Brazilians to purchase cryptocurrencies, and it could help to attract new users to the crypto ecosystem.
In addition to making cryptocurrencies more accessible to Brazilians, the integration of Pix into Ramp Network's payment solutions could also have a positive impact on the Brazilian economy. Cryptocurrencies can be used to make international payments quickly and cheaply, and they can also be used to invest in new businesses and projects. As more Brazilians start to use cryptocurrencies, the country could see an increase in economic activity and growth.
Here are some of the specific benefits that the integration of Pix into Ramp Network's payment solutions could have for cryptocurrency adoption in Brazil:
Increased accessibility: Pix is one of the most popular payment methods in Brazil, so its integration into Ramp Network will make it easier and more convenient for Brazilians to purchase cryptocurrencies.
Reduced fees: Pix transactions are known for their low fees, which will make it less expensive for Brazilians to purchase cryptocurrencies.
Increased liquidity: The integration of Pix could help to increase the liquidity of the Brazilian cryptocurrency market, making it easier for Brazilians to buy and sell cryptocurrencies.
Increased investment: The integration of Pix could attract new investors to the Brazilian cryptocurrency market, which could lead to increased investment in new businesses and projects.
Overall, the integration of Pix into Ramp Network's payment solutions is a positive development for cryptocurrency adoption in Brazil. It makes it easier and more convenient for Brazilians to purchase cryptocurrencies, and it could help to attract new users to the crypto ecosystem. The integration could also have a positive impact on the Brazilian economy by increasing economic activity and growth.
#CryptocurrencyAdoption
#Brazil
#BinanceTournament
#NeverGiveUp
Pix is a real-time instant payment system that was launched by the Central Bank of Brazil in 2021. It has quickly become one of the most popular payment methods in the country, with over 70% of Brazilians using it regularly. Pix is known for its speed, convenience, and low fees.
Ramp Network is a fiat-to-crypto gateway that allows users to purchase cryptocurrencies with a variety of payment methods, including bank transfers, credit cards, and mobile wallets. With the integration of Pix, Ramp Network users in Brazil will now be able to purchase cryptocurrencies instantly and with low fees.
The integration of Pix into Ramp Network's payment solutions is a significant development for cryptocurrency adoption in Brazil. It makes it easier and more convenient for Brazilians to purchase cryptocurrencies, and it could help to attract new users to the crypto ecosystem.
In addition to making cryptocurrencies more accessible to Brazilians, the integration of Pix into Ramp Network's payment solutions could also have a positive impact on the Brazilian economy. Cryptocurrencies can be used to make international payments quickly and cheaply, and they can also be used to invest in new businesses and projects. As more Brazilians start to use cryptocurrencies, the country could see an increase in economic activity and growth.
Here are some of the specific benefits that the integration of Pix into Ramp Network's payment solutions could have for cryptocurrency adoption in Brazil:
Increased accessibility: Pix is one of the most popular payment methods in Brazil, so its integration into Ramp Network will make it easier and more convenient for Brazilians to purchase cryptocurrencies.
Reduced fees: Pix transactions are known for their low fees, which will make it less expensive for Brazilians to purchase cryptocurrencies.
Increased liquidity: The integration of Pix could help to increase the liquidity of the Brazilian cryptocurrency market, making it easier for Brazilians to buy and sell cryptocurrencies.
Increased investment: The integration of Pix could attract new investors to the Brazilian cryptocurrency market, which could lead to increased investment in new businesses and projects.
Overall, the integration of Pix into Ramp Network's payment solutions is a positive development for cryptocurrency adoption in Brazil. It makes it easier and more convenient for Brazilians to purchase cryptocurrencies, and it could help to attract new users to the crypto ecosystem. The integration could also have a positive impact on the Brazilian economy by increasing economic activity and growth.
#CryptocurrencyAdoption
#Brazil
#BinanceTournament
#NeverGiveUp
Surge in USDT Transactions in Brazil
Post By: CryptosHeadlines.com
In the world of cryptocurrency transactions, Brazil is currently experiencing the overwhelming dominance of USDT, with this stablecoin accounting for a staggering 80% of the entire market share.USDT, a popular cryptocurrency, has gained a lot of popularity in Brazil, making up 80% of all cryptocurrency transactions in 2023. In mid-October, the total value of USDT transactions in Brazil hit 271 billion Brazilian Reals (about 55 billion USD), almost double the value of Bitcoin transactions, which reached 151 billion Brazilian Reals (around 30 billion USD).
USDT started becoming more popular in Brazil in 2021 and overtook Bitcoin in July 2022, during the cryptocurrency industry’s peak. This peak was marked by the collapse of Three Arrows Capital and Voyager Capital.
In 2022, the number of cryptocurrency transactions in Brazil dropped by almost 25% due to a “crypto winter,” ending at 154.4 billion Brazilian Reals (about 31 billion USD).
The Brazilian tax authority keeps a close eye on cryptocurrency activities using artificial intelligence and network analysis to detect suspicious behavior and track transaction participants. Cryptocurrency exchanges in Brazil have been required to report all transaction information to the government since 2019. Profits from selling cryptocurrency exceeding 7,000 USD per month are subject to taxes ranging from 15% to 22.5%.
The tax authority is also interested in Brazilian citizens’ cryptocurrency investments abroad. Income above 10,000 USD is subject to a 15% tax, and higher amounts are taxed at 22.5%. This new tax law was approved in September and will be effective from January 2024.
Several exchanges, including Coinbase, Binance, Bitso, and Crypto.com, operate in Brazil, alongside local companies like Mercado Bitcoin and Foxbit.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #USDT #Brazil
In the world of cryptocurrency transactions, Brazil is currently experiencing the overwhelming dominance of USDT, with this stablecoin accounting for a staggering 80% of the entire market share.USDT, a popular cryptocurrency, has gained a lot of popularity in Brazil, making up 80% of all cryptocurrency transactions in 2023. In mid-October, the total value of USDT transactions in Brazil hit 271 billion Brazilian Reals (about 55 billion USD), almost double the value of Bitcoin transactions, which reached 151 billion Brazilian Reals (around 30 billion USD).
USDT started becoming more popular in Brazil in 2021 and overtook Bitcoin in July 2022, during the cryptocurrency industry’s peak. This peak was marked by the collapse of Three Arrows Capital and Voyager Capital.
In 2022, the number of cryptocurrency transactions in Brazil dropped by almost 25% due to a “crypto winter,” ending at 154.4 billion Brazilian Reals (about 31 billion USD).
The Brazilian tax authority keeps a close eye on cryptocurrency activities using artificial intelligence and network analysis to detect suspicious behavior and track transaction participants. Cryptocurrency exchanges in Brazil have been required to report all transaction information to the government since 2019. Profits from selling cryptocurrency exceeding 7,000 USD per month are subject to taxes ranging from 15% to 22.5%.
The tax authority is also interested in Brazilian citizens’ cryptocurrency investments abroad. Income above 10,000 USD is subject to a 15% tax, and higher amounts are taxed at 22.5%. This new tax law was approved in September and will be effective from January 2024.
Several exchanges, including Coinbase, Binance, Bitso, and Crypto.com, operate in Brazil, alongside local companies like Mercado Bitcoin and Foxbit.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #USDT #Brazil
🌎 $BTC ETFs are soaring in #Brazil , with over $96.8 million in assets under management.
🔥 The largest, BITH11, has $57.8 million in AUM, eclipsing the country's largest #ETFs
Imagine the potential for a #US - listed #BitcoinETF 😍
🔥 The largest, BITH11, has $57.8 million in AUM, eclipsing the country's largest #ETFs
Imagine the potential for a #US - listed #BitcoinETF 😍
BREAKING: Mastercard and Binance to Discontinue Crypto Card Services in Brazil, Colombia, Bahrain, and Argentina.
$BNB
#WebGTR #Mastercard #CryptoCard #Brazil #Binance
$BNB
#WebGTR #Mastercard #CryptoCard #Brazil #Binance
🇧🇷 According to Bitcoin.com, Brazil's central bank has initiated a process to collect feedback on local regulations related to virtual asset service providers (VASPs). Stakeholders and interested parties have the opportunity to provide feedback on these regulations until January 31 of the next year. This process reflects efforts to engage with the cryptocurrency industry and develop appropriate regulatory frameworks. 🏦💬 #Brazil #CryptoRegulation #VASP
