Tag: brazil

Brazil Cracks Down on Cryptocurrency Exchanges

Whenever a government introduces new regulations, there will be consequences. Brazilian officials have taken a tough stance against cryptocurrency service providers in the country. It was a matter of time until official crypto regulation came to be in Brazil. Crypto Regulation in Brazil It is one of the countries where Bitcoin and other currencies continue to gain a lot of traction. However, the government doesn’t want to leave this industry …
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Brazil’s Central Bank President Calls Bitcoin a Pyramid Scheme

Over the past few years, we have seen many different opinions regarding Bitcoin. Some see it as the future of money, whereas others claim it is a pyramid scheme waiting to collapse. Ilan Goldfajn, the president of the Brazilian central bank, has taken a rather aggressive stance on Bitcoin. He recently called the world’s leading cryptocurrency a pyramid scheme, which is rather disturbing. Bitcoin Isn’t a Pyramid Scheme Whatsoever It …
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Brazil Will Only Use Registered Currency Come January 2017

The financial turmoil in Brazil is far from over. The country’s banks have taken new measures to take on the widespread usage of cash in the form of unregistered boletos. Come January 2017, all of the country’s boleto bancarios will need to be registered with a bank, and unregistered currency will be banned forever. This should help increase the level of transparency provided by Brazil’s banking system. Taking On The …
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Brazilian Bitcoin Exchange Foxbit Acquires Payment Processor

When it comes to Bitcoin Brazil is one of the leading countries in Latin American by market volume and adoption levels. Today, the biggest Brazilian Bitcoin exchange announced the acquisition of BitInvest, a payment processor. FoxBit is the leading Bitcoin exchange in Latin America by market volume, with over 450 Bitcoins per day in transactions. The company announced today the acquisition of BitInvest, a Brazilian exchange and Payment processor offering merchant …
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