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As cryptocurrency adoption advances, many regulatory bodies face the struggle of how best to utilize the manpower available for market supervision. The Brazilian division of the SEC, known as CVM, noted on November 1st that is likely to commence the creation of a digital currency-based supervisory unit that will take
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Worldwide recognized exchange protocol, Binance halted incoming and outgoing payment transactions in Brazil performed through the national monetary payment network Pix on June 17. The company made this public in an article, stating that it is no longer in coalition with the state's entry Capitual, which regulated the
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A member of the chamber of deputies of Brazil, Paulo Eduardo Martins handed out a proposal to the nation's legislative body on June 10. If the act gets approved, the legal use of cryptocurrency would be enhanced alongside the capacity of the courts in impounding it. The addition
Blockchain
The Central Bank of Brazil - Banco Central do Brazil has begun groundwork on a Central Bank Digital Currency (CBDC) as revealed in an official announcement inaugurating a dedicated group set to study the crypto industry. According to the notice, the Central Bank has selected a team of 12 members
Bitcoin
WhatsApp's newly launched payment service has been suspended in Brazil, just few weeks after its roll-out by Facebook. According to reports, the Central Bank of Brazil (BC) has ordered MasterCard and Visa to cease processing of money transfers for the platform. The bank says it is suspending WhatsApp
Africa
A look at current Google Trends show search interest in Bitcoin (BTC) is highest in Kenya and Brazil. This statistic is shown using an interactive map published by Blockchaincenter.net, showcasing the varying levels of interest in cryptocurrency across countries worldwide. According to the data, the most searched for coin
Bitcoin
The Administrative Council for Economic Defense (CADE) - Brazil's antitrust regulator has voted to reopen its probe against banks who reportedly refuse to work with cryptocurrency firms. The investigation initially kicked off in 2018, as a result of a lawsuit filed by Associação Brasileira de Criptoativos e Blockchain
Bitcoin
The Beach house Pipa in Barra de Cunhau, Brazil is up for sale for $2.93 million approximately 335 bitcoin (BTC) at this time. According to the property listing, the compound is situated just a 10-miniute drive away from Pipa, one of the most popular tourist destinations in Rio Grande
Blockchain
The Ministry of Education (MEC) Brazil has proposed the creation of a blockchain-based platform to issue digital certificates to university graduates, in a bid to curb the issuance of fake diplomas in the country. Speaking on the project, MEC minister Abraham Weintraub said the blockchain platform aims to create a
Bitcoin
Brazil’s government joins a growing number of governments with its new payment system with similar instant-payment benefits to Bitcoin. Brazilian Payment Scheme (PIX) facilitates transactions in 10 seconds or less through different devices. Bitcoin Inspires Brazil Government Users of the system will be able to make transactions using different
Bitcoin
Fortaleza, Ceara - one of Brazil’s major cities will start accepting Bitcoin (BTC) as payment for bus tickets by the end of the year. According to local newspaper O Povo, the development was announced by the city’s local transportation service, with the initiative to allow citizens and residents