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Brazil

A collection of 4 posts

Méliuz Becomes Brazil’s First Bitcoin Treasury Company with $28.4 Million Acquisition

Méliuz Becomes Brazil’s First Bitcoin Treasury Company with $28.4 Million Acquisition

Méliuz, a financial services company based in Brazil, has become the country’s first Bitcoin treasury company. The São Bernardo do Campo-based firm, listed on the B3 exchange under the ticker CASH3, is redefining its role in the financial landscape by integrating Bitcoin into its treasury strategy. Known for its

President of Brazil's Central Bank Says Stablecoins Linked to Tax Evasion, Money Laundering

President of Brazil's Central Bank Says Stablecoins Linked to Tax Evasion, Money Laundering

Gabriel Galipolo, the newly appointed President of the Central Bank of Brazil, has shed light on the alleged association of stablecoins and illicit financial activities within the Latin American country. According to Galipolo, a significant portion of crypto transactions in Brazil involves stablecoins, which are digital currencies designed to maintain

Brazilian Investors Shift Focus from Bitcoin to Ethereum and Solana

Brazilian Investors Shift Focus from Bitcoin to Ethereum and Solana

In Brazil, the cryptocurrency market is witnessing a shift, with investors showing increasing interest in different cryptocurrencies including stablecoins, somewhat eclipsing the traditional dominance of Bitcoin. This trend is evident in the latest data released by the Federal Revenue Service based in Brasília, highlighting a dynamic evolution in the crypto

Brazil Sets Sights on Bitcoin Sovereignty with Proposed National Reserve

Brazil Sets Sights on Bitcoin Sovereignty with Proposed National Reserve

In a bold move that underscores Brazil's ambition to lead in the digital economy, Congressman Eros Biondini has introduced a bill to create what could be known as the Reserva Estratégica Soberana de Bitcoins (RESBit). This proposed Bitcoin Sovereign Strategic Reserve aims to diversify Brazil's national