Bank of Brazil, a.k.a Banco do Brasil, has announced that citizens can now pay their taxes with cryptocurrency.

#crypto2023 #brazil #cryptoregulation #bearorbull #cryptoonindia

Crypto mastercards are now available in Brazil by Binance. Really awesome
#crypto2023 #mastercard #Binance #brazil #dyor

LulaCoin Challenge: Can You Navigate the Brazilian Crypto Jungle?

Imagine receiving an offer like this:
You've been selected to participate in an epic and amusing crypto survival challenge. Your mission? Invest in the newly launched LulaCoin and see if you can outlast other investors in the most unpredictable market while dancing to the samba!

• Participate in a 6-month LulaCoin trading challenge
• Invest in LulaCoin and navigate its market samba
• Guaranteed satellite connection to track your investments
10 BTC and 1000 LulaCoins to start trading on Binance once you complete the challenge
• Full-time remote work with access to top-tier trading tools
• Monthly supplies delivered by drones (just hope they don’t get intercepted by curious toucans)
• You’ll have an exclusive crypto trainer to help you navigate the LulaCoin market
• You can bring one special person with you to share in the excitement
• If you have a pet, they can come too (maybe they’ll bring you luck)
• Access to medical and recovery facilities (for those intense trading sessions)
• Security system and survival equipment provided

Do you have what it takes to navigate the LulaCoin market and emerge victorious? Comment below if you think LulaCoin will samba its way to success or stumble! Let the debate begin! 🦜🇧🇷

#trendingtopic #CryptoSurvival #LulaCoin #brazil $

Brazil To Summon Foreign Crypto Exchanges For Information
In the latest development, Brazil’s tax authority is planning to explore foreign crypto exchanges to find out their way of operating in the country and whether its citizens are complying with the country’s new tax laws or not. As per a report from Reuters, the Federal Revenue of Brazil is expected to publish an ordinance summoning these firms for further information. The officials also included that they were also concerned about having information on Brazilian wealth subject to taxation. Brazil has seen a spike in crypto trading activity in the first few months of 2024, increasing 30% YoY to $6 billion between January and May.
#brazil #BinanceTournament #AirdropGuide #BTCFOMCWatch #CPIAlert

#keepbuilding #bitcoin #BTC #brazil

Brazil Bullish on Bitcoin?

New investments continue to be made in crypto companies around the world. Brazil-based stablecoin issuer ECSA has announced that it has received a $3 billion investment to bring major transport currencies to the Blockchain network.
#brazil #crypto2023 #Stablecoins #USDT #BTC

NEW: Buying coffee from a street vendor with #Bitcoin  over the Lightning Network in Brazil 🇧🇷

#brazil #BTC #crypto2023 #crypto

Discover the essentials of trading and investing in Bitcoin para Real, as we guide you through exchange rates and trading platforms in the Brazilian market.

#brazil #bitcoin #BTC

https://blockchainreporter.net/bitcoin-para-real-navigating-the-brazilian-cryptocurrency-market/

The assets under management (AUM) for Bitcoin spot-based ETFs traded on the Brazilian stock market have reached approximately $96.8 million as of November 21st. Among them, the Nasdaq Bitcoin Reference Price FDI (ticker BITH11), launched by Brazilian asset management company Hashdex, accounts for about $57.8 million, representing approximately 60% of the market share. This success is attributed to market-friendly regulatory policies and growing interest from institutional investors. Hashdex CEO Marcelo Sampaio mentioned that positive evaluations of cryptocurrency ETFs are spreading, and more large institutions are considering exposure to cryptocurrencies. The combined AUM of cryptocurrency-related ETFs managed by Hashdex is currently around $500 million. #bitcoin #ETF #cryptocurrency #brazil

Ripple Partners With Mercado Bitcoin to Expand Cross-Border Payments in Brazil.

Ripple has announced the opening of its high-speed payment solution, Ripple Payments, in Brazil. The company announced Thursday that the first enterprise which will make use of this blockchain payment technology is Mercado Bitcoin, one of the major Brazilian cryptocurrency exchanges, but says more businesses will have access later on.

Until recently named RippleNet, Ripple Payments is a breakthrough in cross-border transactions that offer a far more efficient and cost-effective way for businesses and financial institutions to conduct international money transfers.

It utilizes Ripple's blockchain infrastructure for this solution in addition to the XRP Ledger for liquidity and settlement, though it does not require users to hold or use cryptocurrency directly.

Jordan Abud, who heads banking at Mercado Bitcoin, explained, "The idea is to provide a simplified transfer through the expertise of Ripple, our international partner specializing in cross-border payments,” meaning they will thereby be assured of immediate liquidities on various currencies on the chain. “This partnership enables Mercado Bitcoin to take another step towards internationalizing its services,” he added.

This is not Ripple's first move into Latin America. Since it opened its Brazilian office in 2019, the company has already established a presence in the region, including a deal with Colombia's central bank to explore central bank digital currency technology.

The development comes after Ripple's partial victory against the U.S. Securities and Exchange Commission last year in a decision widely hailed by the digital asset industry.

#Ripple💰 #brazil #BTC☀ #XRPGoal
$XRP