Brazil
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🇧🇷 Brazil’s crypto imports jumped 40% in September, reaching $1.4 billion. Year-to-date, total imports hit $13.7 billion, reflecting a significant increase in digital asset activity! 🚀
$BTC $BNB $SOL
#CryptoNews #Brazil #CryptoTrading
🇧🇷 Brazil’s crypto imports jumped 40% in September, reaching $1.4 billion. Year-to-date, total imports hit $13.7 billion, reflecting a significant increase in digital asset activity! 🚀
$BTC $BNB $SOL
#CryptoNews #Brazil #CryptoTrading
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
🇧🇷 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
#Automating Processes
Automate repetitive tasks in your crypto journey. From trading signals to portfolio tracking, automation frees up time for strategic decision-making and reduces the risk of human error.
#sonaraza
An Idea Can Change Your Life, Please Make Follow & Get Update, Thank You.$FARM $WRX $NMR
#Brazil
Do You want more Love...? Invite your Friends & Family Join With Binance.
@Frances Ibarra BZ16 @Forrest Quezad bz1F @Warner Weisenborn bZ1G @Agnes Stier BZ1u @BZ @BusinessExpertsCrypto @ANASS BZITE @Lauralee Poinsette bZZH @Rosanna Norden bZd3 @Norine Paquet BzTA @Adelina Scotts bZHO @Adelina Scotts bZHO @Tama Viejo bzbb @Alvera Nathanson bZdH @Floretta Guevera bzVq @Ted Ranke bz27 @Lauralee Poinsette bZZH
🙏Thanks For Support Me, Please Follow For Next Update🙏
#CryptoAutomation #EfficiencyBoost
Automate repetitive tasks in your crypto journey. From trading signals to portfolio tracking, automation frees up time for strategic decision-making and reduces the risk of human error.
#sonaraza
An Idea Can Change Your Life, Please Make Follow & Get Update, Thank You.$FARM $WRX $NMR
#Brazil
Do You want more Love...? Invite your Friends & Family Join With Binance.
@Frances Ibarra BZ16 @Forrest Quezad bz1F @Warner Weisenborn bZ1G @Agnes Stier BZ1u @BZ @BusinessExpertsCrypto @ANASS BZITE @Lauralee Poinsette bZZH @Rosanna Norden bZd3 @Norine Paquet BzTA @Adelina Scotts bZHO @Adelina Scotts bZHO @Tama Viejo bzbb @Alvera Nathanson bZdH @Floretta Guevera bzVq @Ted Ranke bz27 @Lauralee Poinsette bZZH
🙏Thanks For Support Me, Please Follow For Next Update🙏
#CryptoAutomation #EfficiencyBoost
🧠What you should learn in trading ? Here is step by step list
◦ Choosing Strong Crypto vs Managing Risk
◦ Profit Loss Ratios
◦ Target Percentage of Success
◦ Personality test
◦ Defining a strategy around YOUR personality
◦ Balancing your Risk
◦ Building a Cushion
◦ Be good at being wrong
◦ Breakout or Bailout
◦ 5 Types of Risk
◦ Reasons why traders fail
◦ Gambling Mentality
◦ Fear of Missing Out
◦ Twitter Traders never lose
◦ Take the traders who brag about big winners with a grain of salt
◦ Snow ball conditions
◦ Revenge Trading
Here i will post one by one, Follow me and stay active
#ALT #API3 #MANTA #CFX #Brazil
$ALT $API3 $SOL
◦ Choosing Strong Crypto vs Managing Risk
◦ Profit Loss Ratios
◦ Target Percentage of Success
◦ Personality test
◦ Defining a strategy around YOUR personality
◦ Balancing your Risk
◦ Building a Cushion
◦ Be good at being wrong
◦ Breakout or Bailout
◦ 5 Types of Risk
◦ Reasons why traders fail
◦ Gambling Mentality
◦ Fear of Missing Out
◦ Twitter Traders never lose
◦ Take the traders who brag about big winners with a grain of salt
◦ Snow ball conditions
◦ Revenge Trading
Here i will post one by one, Follow me and stay active
#ALT #API3 #MANTA #CFX #Brazil
$ALT $API3 $SOL
$SOL SOLANA ETF Approved 🚨📢🌀
BREAKING: BRAZIL REGULATOR APPROVES THE LAUNCH OF THE WORLD'S FIRST SPOT $SOL ETF
#ETFApproved #SOLANAETF #Brazil
BREAKING: BRAZIL REGULATOR APPROVES THE LAUNCH OF THE WORLD'S FIRST SPOT $SOL ETF
#ETFApproved #SOLANAETF #Brazil
The Bitcoin market is showing some weak correction today but has upside potential, with the focus on key resistance near $43,000. If Bitcoin can break through this range and stabilize, it indicates that short-term downward pressure may be eased and may lead to a subsequent uptrend. At the same time, from the weekly level, Bitcoin has managed to gain a foothold at the key support level of $40,700, repairing the bullish trend. However, considering that Bitcoin is under pressure in the $42,200 to $42,500 range at the 4-hour level, the current market may still be in the rebound phase.
For Bitcoin short-term operations, it is recommended to consider shorting around $42,500 to $42,700, set a stop loss above $43,000 and target $42,000 to $41,700. In addition, if Bitcoin can find support in the chip-intensive zone of $41,500 to $41,600 and break through $42,500 strongly, investors can consider adjusting their strategy and focusing on the next pressure zone near $45,000.
As for Ethereum, although its performance is not as strong as Bitcoin, it has found support in the lower band of the box. At a small level, the $2240 neighborhood is a key support point, and if Ethereum finds support in this area and is volatile to the upside, investors can expect it to break above the downtrend line and test the upper band of $2410 to $2430. For short-term operations on Ethereum, it is recommended to short around $2270 to $2290, set a stop loss above $2300 and target $2230 to $2200.
#API3 #BTC #CFX #etf #Brazil
$BTC $ETH
For Bitcoin short-term operations, it is recommended to consider shorting around $42,500 to $42,700, set a stop loss above $43,000 and target $42,000 to $41,700. In addition, if Bitcoin can find support in the chip-intensive zone of $41,500 to $41,600 and break through $42,500 strongly, investors can consider adjusting their strategy and focusing on the next pressure zone near $45,000.
As for Ethereum, although its performance is not as strong as Bitcoin, it has found support in the lower band of the box. At a small level, the $2240 neighborhood is a key support point, and if Ethereum finds support in this area and is volatile to the upside, investors can expect it to break above the downtrend line and test the upper band of $2410 to $2430. For short-term operations on Ethereum, it is recommended to short around $2270 to $2290, set a stop loss above $2300 and target $2230 to $2200.
#API3 #BTC #CFX #etf #Brazil
$BTC $ETH
📢 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
🌎 $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 😍
Brazilian Police Bust Major Crypto Money Laundering Scheme Linked to Drug Cartel 🚨
São Paulo's Civil Police have uncovered and dismantled a major money laundering operation linked to the drug cartel First Capital Command (PCC).
The operation was disguised as a cryptocurrency exchange, handling around 500 million reais (approximately $89 million).
During the crackdown, police seized checks totaling 55 million reais ($8.9 million) from the company’s undisclosed headquarters.
The raids, which followed orders for 20 arrests and 60 search and seizure operations, targeted individuals connected to the PCC across various cities in São Paulo.
In related actions, Brazilian courts have frozen over 8 billion reais ($1.427 billion) in assets tied to the suspects.
The First Capital Command, described by The Economist as Latin America’s largest gang, boasts nearly 40,000 members and around 60,000 affiliates.
#Brazil #BinanceTurns7 #MarketDownturn #moneylaundering
São Paulo's Civil Police have uncovered and dismantled a major money laundering operation linked to the drug cartel First Capital Command (PCC).
The operation was disguised as a cryptocurrency exchange, handling around 500 million reais (approximately $89 million).
During the crackdown, police seized checks totaling 55 million reais ($8.9 million) from the company’s undisclosed headquarters.
The raids, which followed orders for 20 arrests and 60 search and seizure operations, targeted individuals connected to the PCC across various cities in São Paulo.
In related actions, Brazilian courts have frozen over 8 billion reais ($1.427 billion) in assets tied to the suspects.
The First Capital Command, described by The Economist as Latin America’s largest gang, boasts nearly 40,000 members and around 60,000 affiliates.
#Brazil #BinanceTurns7 #MarketDownturn #moneylaundering
Binance settles with Brazil’s SEC, pays $1.75M fine 💰
- Settlement details:
- Binance has reached a settlement with Brazil’s SEC, agreeing to pay a $1.75M fine, closing the chapter on a long-standing issue after being banned from offering derivatives in Brazil back in 2020.
- Compliance adjustments:
- Since the ban, Binance has made significant adjustments to comply with Brazil's strict regulatory landscape. However, the exchange is still prohibited from offering derivatives in the country.
- What’s next?
- While the settlement addresses the financial penalty, Binance continues to face restrictions in Brazil’s tough regulatory environment. The exchange’s ability to expand its services remains limited, highlighting the ongoing challenges in navigating crypto regulations globally.
Takeaway:
- This settlement marks a crucial step forward for Binance in resolving past regulatory hurdles in Brazil, but the restriction on derivatives remains. As Binance continues to grow its global footprint, careful navigation of diverse regulatory landscapes will be key to its success.
#CryptoRegulation #Binance #Brazil #Settlement #CryptoNews
- Settlement details:
- Binance has reached a settlement with Brazil’s SEC, agreeing to pay a $1.75M fine, closing the chapter on a long-standing issue after being banned from offering derivatives in Brazil back in 2020.
- Compliance adjustments:
- Since the ban, Binance has made significant adjustments to comply with Brazil's strict regulatory landscape. However, the exchange is still prohibited from offering derivatives in the country.
- What’s next?
- While the settlement addresses the financial penalty, Binance continues to face restrictions in Brazil’s tough regulatory environment. The exchange’s ability to expand its services remains limited, highlighting the ongoing challenges in navigating crypto regulations globally.
Takeaway:
- This settlement marks a crucial step forward for Binance in resolving past regulatory hurdles in Brazil, but the restriction on derivatives remains. As Binance continues to grow its global footprint, careful navigation of diverse regulatory landscapes will be key to its success.
#CryptoRegulation #Binance #Brazil #Settlement #CryptoNews
Brazil is set to launch a #Solana spot #ETF , marking the first of its kind globally.
This new financial product will allow investors to gain exposure to Solana's #cryptocurrency without needing to buy or store the actual tokens. The ETF will be managed by a Brazilian financial institution and is expected to trade on the country's B3 stock exchange.
#Brazil #TrendingTopic
This new financial product will allow investors to gain exposure to Solana's #cryptocurrency without needing to buy or store the actual tokens. The ETF will be managed by a Brazilian financial institution and is expected to trade on the country's B3 stock exchange.
#Brazil #TrendingTopic
$SOL in the spotlight!
Solana’s price has dipped 19% this quarter, but the potential approval of Spot Solana ETFs in the US by the end of 2024 is creating buzz. With Brazil already green-lighting SOL ETFs, could this be a turning point? 🚀
#Solana #ETF #Brazil #etfsolana
Solana’s price has dipped 19% this quarter, but the potential approval of Spot Solana ETFs in the US by the end of 2024 is creating buzz. With Brazil already green-lighting SOL ETFs, could this be a turning point? 🚀
#Solana #ETF #Brazil #etfsolana
Brazil's Supreme Court has issued a threat to suspend X (formerly Twitter) amid an escalating ...
Brazil's Supreme Court has issued a threat to suspend X (formerly Twitter) amid an escalating conflict between Elon Musk and Judge Alexandre de Moraes. The dispute centers on allegations that X failed to comply with court orders regarding the removal of content deemed illegal or harmful by Brazilian authorities.
Judge Moraes has been leading an investigation into social media platforms and their roles in disseminating disinformation and inciting violence. Tensions rose when X, under Musk's ownership, allegedly did not fully adhere to the directives aimed at curbing misinformation during a politically sensitive period in Brazil.
The Supreme Court's threat to suspend X underscores the serious nature of the situation and highlights the broader regulatory challenges faced by social media platforms operating internationally. If enforced, the suspension could have significant repercussions for X’s user base and its operations in Brazil, one of its largest markets.
Musk's team is reportedly engaging in negotiations to address the court's concerns while seeking to avoid further legal entanglements. The outcome of this clash will be closely watched, as it may set a precedent for how tech giants navigate legal and regulatory pressures in different jurisdictions.#Brazil #cryptotipshop #MuskMemeMagic
Judge Moraes has been leading an investigation into social media platforms and their roles in disseminating disinformation and inciting violence. Tensions rose when X, under Musk's ownership, allegedly did not fully adhere to the directives aimed at curbing misinformation during a politically sensitive period in Brazil.
The Supreme Court's threat to suspend X underscores the serious nature of the situation and highlights the broader regulatory challenges faced by social media platforms operating internationally. If enforced, the suspension could have significant repercussions for X’s user base and its operations in Brazil, one of its largest markets.
Musk's team is reportedly engaging in negotiations to address the court's concerns while seeking to avoid further legal entanglements. The outcome of this clash will be closely watched, as it may set a precedent for how tech giants navigate legal and regulatory pressures in different jurisdictions.#Brazil #cryptotipshop #MuskMemeMagic
