1 / 12 Relevant items tagged with #Brazil
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Brazil-US Trade Conflict May Escalate, Spurring Mutual Retaliation
[Jul 20 8:30 AM] Reports indicate that both Brazil and the U.S. are exploring ways to retaliate, escalating the trade feud initiated by President Trump when he imposed a 50% tariff on Brazilian imports. The political status of former President Jair Bolsonaro is…
Brazil-Based Bitcoin Treasury Company Meliuz Prepares to Enter US Markets
[Jul 14 8:30 AM] Israel Salmen, CEO of Meliuz, the first Latam-based bitcoin treasury company, announced that the company is in the final stages of listing its stock on U.S. markets, without issuing new shares. Brazilian Bitcoin Treasury Company Meliuz Ready to…
Trump Administration Imposes 50% Tariff on Brazilian Imports
[Jul 10 11:30 AM] Trump noted that the new 50% tariff on Brazilian imports was justified due to the unfair treatment of former President Jair Bolsonaro and the censorship orders issued by Brazil’s courts on social media platforms. In response, Lula stated that…
Russian Official Warns at BRICS: US Dollar Losing Trust Amid Global Financial Shifts
[Jul 8 2:30 AM] Global confidence in the U.S. dollar is crumbling as rising debt, sanctions backlash, and collapsing trust spark a powerful shift in the foundation of global finance, a top Russian official says. US Dollar Faces Intensifying Scrutiny Amid Rising…
Brazil’s Ambassador to India Addresses BRICS Currency Speculation
[Jul 7 2:30 AM] BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency…
Brazilian President Lula Proposes BRICS Develop New Trade Currency
[Jul 6 9:30 AM] Lula proposed this new BRICS currency in the context of a world that must embrace free trade and multilateralism. The Brazilian leader acknowledged that the proposal presents several challenges but emphasized that it is necessary for the benefit of…
Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil
[Jul 4 10:30 AM] decoagro is partnering with Tether to explore the use of its renewable energy generation for bitcoin mining in Brazil. This initiative will enable Adecoagro to redirect excess energy, currently sold at spot market prices, into a new revenue stream…
$180 Million Hacked From Brazilian Banking System: Attackers Cashed out Using Crypto
[Jul 3 9:30 AM] According to local media, this may be the largest hack ever perpetrated against the Brazilian banking system. Attackers leveraged USDT and bitcoin to cash out through exchanges and crypto institutions, using instant payment systems such as Pix…
Latam Insights: Meliuz Surges as Bitcoin Power, Crypto Adoption Rises Sky High in Bolivia
[Jun 29 11:30 AM] Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Meliuz claims the bitcoin throne in Brazil and the region, Bolivia’s crypto adoption grows to record levels…
Brazil to Open Public Consultation to Implement New Accounting Rules for Digital Assets
[Jun 26 10:30 AM] The Central Bank of Brazil is now focusing on updating and redefining the accounting rules for digital assets held by companies. A new regulatory draft outlines the rules for assets issued by the same company, received, or held in custody, and it…
Latam Insights: Argentina Achieves Historic Milestone, Brazil Battles Crypto Tax
[Jun 22 11:30 AM] Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Argentina has achieved its lowest inflation levels in five years, Brazil is contesting Lula’s cryptocurrency tax…
Brazilian Government Opens Contract to Monitor Cryptocurrency Transactions
[Jun 20 7:30 AM] Brazilian authorities are seeking a software solution that allows them to track the locations and movements of various cryptocurrency projects nationwide. The objective of this proposal is to enhance the state’s capabilities in combating…
Brazil’s Congress up in Arms Against ‘Flawed’ Cryptocurrency Tax Decree
[Jun 19 10:30 AM] The Provisional Measure issued by the Brazilian government to impose a flat fee on cryptocurrency income is being contested in Congress, as some believe it may exceed the executive’s jurisdiction on tax matters, thereby bypassing the…
Latam Insights Encore: Brazil’s Anti-Crypto Tax Stance Will Spark an Underground Movement
[Jun 16 11:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the Brazilian government’s intentions to tax all crypto holders will likely cause users to…
Brazilian Authorities Terminate Exemptions, Aims to Tax Crypto Held in Self Custody
[Jun 13 5:30 PM] Brazilian authorities issued a Provisional Measure that terminates the previous tax regime and introduces a new ruleset to tax all crypto-derived profits. The new rule also states that these measures apply to crypto held in self-custody wallets and…
Brazilian Party Proposes Bill to Restrict Bitcoin Mining and Tax Trading Activities
[Jun 12 10:30 AM] A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a daily tax on these…
Central Bank of Brazil Hints at Credit-Focused CBDC Pilot Phase
[Jun 12 9:30 AM] The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their collateral assets in Brazil. This, in turn, would simplify the process of assigning credit within an…
Latam Insights Encore: The TACO Realization Destroys Trump’s Tariff Threat Credibility
[Jun 9 10:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how Latam is changing its position on Trump’s tariff threats, given his trend of backing away…
Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade
[Jun 7 6:30 AM] Brazil is boldly leading a national trade overhaul, defying U.S. pressure as it champions local currency use and strengthens BRICS’ push for financial independence and resilience. Brazil Pushes BRICS Trade Shift Despite Trump Tariff Threat…
Brazil Mulls Taxing Cryptocurrency to Offset Financial Transaction Tax Hike
[Jun 6 12:30 AM] Amid a public debate regarding an executive order that increases the current tax on financial transactions, Brazil is considering taxing crypto transactions to mitigate the impact of the increase, which would affect a larger audience. Brazil Mulls…
Meliuz Seeks Funding to Buy Nearly $80M Worth of Bitcoin
[Jun 3 5:50 PM] Meliuz, a Brazilian cashback company that became the first to establish a bitcoin strategic reserve in Latam, revealed it intends to purchase nearly $80 million more worth of bitcoin. The company announced a public share offering to raise the funds…
Central Bank of Brazil Open to Change Proposal Establishing Controversial Stablecoin Ban
[May 29 7:05 PM] Eduardo Nogueira Liberato, an official from the Central Bank of Brazil, stated that this stablecoin proposal is not set in stone, and that there is room to flexibilize the methods to allow citizens to execute withdrawals to self-custody wallets…
Brazilian Financial Institution Braza Group Launches Dollar Stablecoin on XRP Ledger
[May 23 8:30 AM] Braza Group, one of the largest financial groups in Brazil, unveiled USDB, a dollar-pegged stablecoin issued on top of the XRP Ledger. Currently available to its institutional customers, the token will be available for regular customers through the…
Binance Integrates With Brazilian National Payments System Using Pix
[May 22 10:30 AM] Binance announced that its customers in Brazil will be able to make payments using their cryptocurrency balances at millions of businesses through the Pix system. This development increases the usability of crypto in the country, allowing users to…
Latam Insights Encore: Meliuz Case Developing—Is There Demand for a Latam-Based Strategy?
[May 20 6:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the recent bitcoin purchases by Meliuz, a Brazil-based cashback company, might serve as a…
Latam Insights: Meliuz Purchases 274 BTC in Brazil; Argentine Wallets Face Potential Extinction
[May 18 9:30 PM] Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Meliuz pioneers bitcoin as a corporate reserve asset in Brazil, Argentine crypto wallets face potential…
Crypto Exchanges Oppose Brazil’s Stablecoin Self-Custody Ban
[May 18 10:30 AM] Crypto actors see the ban proposal, spearheaded by the Central Bank of Brazil, as excessive and explain that this move might push companies to operate offshore. An alternative proposal that substitutes the proposed ban with a reporting system was…
Meliuz Purchases 274 BTC, Pioneering Bitcoin Treasury Strategy in Brazil and Latam
[May 16 10:30 AM] Meliuz, a Brazilian cashback company, has completed its pivot to become one of the first public businesses in Brazil and Latam to adopt a bitcoin reserve strategy. Israel Salmen, CEO of Meliuz, stated that shareholders approved the expansion of…
Belo Horizonte to Become ‘Bitcoin Capital’ With New Bill
[May 10 7:30 AM] The city of Belo Horizonte has turned into a bitcoin capital after lawmakers passed a new bill that seeks to transform it into an innovation hub for crypto and bitcoin companies. The bill, which was passed on Wednesday amid a heated argument…