Brazil | ForkLog

ForkLog 11 04.10.2021

Brazil to tighten penalties for cryptocurrency-related crimes

The Special Committee of the Brazilian Chamber of Deputies proposed increasing fines for money laundering using cryptocurrencies from one-third to two-thirds of the amount, and the prison term to four to sixteen years and eight months.

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ForkLog 8 21.09.2021

BTG Pactual to launch platform for cryptocurrency trading

The Brazilian investment bank BTG Pactual announced the launch of a trading platform focused on digital assets. In its initial phase, clients will gain access to Bitcoin and Ethereum.

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ForkLog 8 07.09.2021

Visa to bring Brazil’s banking sector closer to cryptocurrencies

Visa plans to expand the adoption of digital assets in Brazil, notably integrating traditional banking services with cryptocurrencies. This was stated by Eduardo Abreu, the company's vice president for new initiatives in the country, in an interview with Seu Dinheiro.

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ForkLog 20 26.08.2021

Brazilian police seize $28.7 million in cryptocurrency in Kryptos operation

The Brazilian Federal Police seized cryptocurrency worth 150 million reais ($28.7 million) during Operation Kryptos, linked to an alleged pyramid scheme, CNN Brazil reports.

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ForkLog 21 24.08.2021

Ex-Man United player under investigation for money laundering via cryptocurrency, reports say.

Former Manchester United midfielder Anderson (Anderson Luis de Abreu Oliveira) has become a defendant in a case of theft and money laundering through cryptocurrency, Globo reports citing the Rio Grande do Sul state prosecutor's office.

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ForkLog 21 20.08.2021

Brazilian central bank backs crypto regulation

The president of the Central Bank of Brazil, Roberto Campos Neto, spoke in favour of creating a regulatory framework for the crypto industry. The regulator is discussing paths to this with the Securities and Exchange Commission (CVM), according to Cointelegraph.

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ForkLog 27 14.07.2021

Brazil becomes first in Latin America to approve an Ethereum ETF

The Brazilian Securities and Exchange Commission (CVM) approved the launch of an exchange-traded fund (ETF) based on the second-largest cryptocurrency by market capitalization.

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ForkLog 15 07.07.2021

Brazil regulator-head candidate urges tighter oversight of the crypto industry

Brazil's Securities and Exchange Commission (CVM) should devote 'special attention' to cryptocurrency operations not covered by the current regulatory regime. This view was expressed by the candidate for the agency's head, Otto Eduardo Fonseca de Albuquerque Lobo, as reported by Poder 360.

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ForkLog 14 06.07.2021

Brazilian Police Arrest Local ‘Bitcoin King’ on $300 Million Fraud Charges

The Brazilian Federal Police liquidated Bitcoin Banco Group, whose actions harmed more than 7,000 clients, with losses exceeding $300 million. Its leader, Claudio Oliveira, known as the 'Bitcoin King', has been arrested.

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ForkLog 26 01.07.2021

SoftBank Invests $200 Million in Brazilian Bitcoin Exchange

2TM Group, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, raised $200 million from SoftBank Latin America Fund in a Series B funding round.

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ForkLog 16 11.06.2021

Brazilian central bank delays launch of the digital real

The Central Bank of Brazil announced changes to the launch timelines for the national digital currency (CBDC). CoinDesk reports, citing the regulator's statement.

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ForkLog 19 12.05.2021

Hashdex attracts $26 million from Coinbase and SoftBank

The Brazilian asset manager Hashdex attracted $26 million from SoftBank, Coinbase Ventures and other investors.

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