2019-12-7 01:40 |
The tax authority of Brazil fines taxpayers who fail to declare their Bitcoin and crypto transactions
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A comprehensive regulatory framework for Bitcoin (BTC) and cryptocurrency in Brazil is moving closer to reality. The post Latin American Bitcoin adoption gathers pace as Brazil makes its move appeared first on CryptoSlate.
2022-4-15 15:00 | |
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Brazil’s first Bitcoin ETF will be listed on the Sao Paulo stock exchange under the ticker QBTC11. The primary offering will be for $500 million and will only be available to qualified investors.
2021-3-20 00:08 | |
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The president of Brazil, Jair Bolsonaro, blamed Bitcoin for canceling an indigenous cryptocurrency project, despite not knowing what it is. And now he’s considering a South American ‘Euro.
2019-6-8 13:00 | |
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A record breaking half a billion dollars worth of 100,000 bitcoins exchanged hands in Brazil within a 24 hour period according to a local stats site. The vast majority of... The post Bitcoin at a $200 Premium in Brazil with Record Breaking Trading Volumes appeared first on Trustnodes.
2019-4-17 16:13 | |
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Brazil, the largest Latin American economy, broke a new record when Brazilian exchanges traded over 100 thousand bitcoin within 24 hours. In parallel, Brazil reported that its economic activity in February fell to the lowest level in the last nine months.
2019-4-17 04:00 | |
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A Bitcoin-fuelled pyramid scheme from Brazil has pulled its inevitable “exit scam,” stealing tens of thousands of dollars from a number of Kenyan cryptocurrency investors. The scam, known as “Velox 10,” suddenly disappeared early this week.
2019-3-5 17:39 | |
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Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users’ funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $300,000 in bitcoin (BTC) tokens in 2018.
2019-3-1 18:10 | |
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Brazil’s BTG Pactual announced on its blog, January 21, 2019, that it was adding a new security token to its portfolio. With this move, the bank becomes the latest financial institution in the country to add crypto assets to its financial instrument roster.
2019-2-23 02:00 | |
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Banks once refused to work with blockchain companies in Brazil. Now, BTG Pactual, Latin America’s largest standalone investment bank, is launching a security token of its own. A Wave of Change in Brazil There seems to be a wave of change happening in Brazil.
2019-2-22 14:00 | |
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The central bank of Lithuania has updated its position on cryptocurrencies and tokens issued through initial coin offerings. The regulator has revised the definition of these assets specifying the conditions under which financial institutions can operate with digital money and accept crypto payments.
2019-2-21 01:30 | |
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Every crypto investor’s worst nightmare came true for one Brazilian trader, who accidentally bought bitcoin at a massive premium. At one point, he bought 0. 0047 BTC for 340 Brazilian reals, worth about $91.
2019-2-16 03:27 | |
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In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas.
2019-2-15 20:14 | |
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Brazilian cryptocurrency exchange Bitcoin Max has won in court the right to keep its checking account with Banco Santander. According to the presiding judge, the bank has not met its obligation to notify the crypto company of the closure in advance.
2019-2-14 23:10 | |
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A Brazilian crypto exchange has won a major battle for its survival recently. Bitcoin Max has been battling the Santander Bank in court in order to keep its accounts open and it looks like the exchange scored a major victory for the sector now.
2019-2-13 02:32 | |
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A cinema in the city of Florianopolis has reportedly become the very first one in the country to allow its customers to buy movie tickets using Bitcoin. Going to The Movies With Bitcoin In 2018, Bitcoinist reported that Major Cineplex Group – the largest movie theater chain in Thailand, was set to start accepting cryptocurrencies as a means of payment for a broad range of services such as the purchase of movie tickets and even popcorn.
2019-2-5 02:00 | |
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Coinbase is the world’s largest Bitcoin broker around. It is available to users in over 30 countries especially in the United States, the United Kingdom, and Brazil, which represent their largest customer base – and has more than 4 million customers around the world.
2019-2-2 06:51 | |
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A shift in the BItcoin or crypto trading is happening worldwide. Countries that have been dominating this space has been gradually reducing in numbers while countries like Peru, Venezuela, Brazil, Colombia among others are seeing a surge in Bitcoin transaction volume.
2019-1-18 22:52 | |
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Huobi is back in Japan, this time as a fully regulated exchange under Japan's Financial Services Agency (FSA). Following its merger with BitTrade, Huobi Japan Holding Ltd.
2019-1-19 19:03 | |
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Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.
2019-1-16 05:22 | |
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On January 7, 2019, Brazilian President Jair Bolsonar tweeted that the government was going to open a “black box” into the operations of the national development bank, days after an Indigenous cryptocurrency project was halted.
2019-1-9 18:00 | |
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Cryptocurrency exchange Binance is opening trading for three stablecoin pairs. Also in Tuesday’s Daily, Overstock’s Tzero has patented a solution to integrate traditional and cryptocurrency trading systems, Morgan Creek founder Jason Williams offers his Lamborghini for bitcoin, and in Brazil, crypto investors are looking to buy vaults to safely store their digital assets.
2019-1-8 15:45 | |
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Electrum developers have confirmed reports of an attack against the popular cryptocurrency wallet. Also covered in The Daily, Huobi Derivative Market’s daily trading volume has reached $1 billion, and one of the founders of Brazil’s leading crypto exchange Foxbit has died in a car crash.
2018-12-28 18:28 | |
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What Is Dash? Dash is an open-source cryptocurrency and decentralized autonomous organization that forked from Litecoin. It aims to overcome Bitcoin’s shortfalls in governance, consensus, and speed.
2018-11-16 23:30 | |
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Renowned Japanese bank Mitsubishi UFG Bank and its wholly-owned subsidiary Banco MUFG Brasil signed a MoU with Brazil’s Banco Bradesco SA Bank to create a new cross-border payments corridor. The overseas payments network will work between Japan and Brazil, utilizing blockchain solutions from the US-based fintech company Ripple.
2018-11-12 20:29 | |
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Paraguay’s hydroelectric powered-towns, long associated as dugouts for drug cartels, smuggling, and ammunition rackets, are now home to miners connected in a sophisticated network circuitry to mine cryptocurrencies for their owners.
2018-11-12 16:00 | |
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Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […] The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.
2018-11-3 13:00 | |
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Changing sentiment towards the blend of finance and technology, commonly referred to as the Fintech sector, has now seen Warren Buffet investing $600 million into the industry, according to a Wall Street Journal article published October 30, 2018.
2018-11-2 22:00 | |
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In two separate lawsuits, Federal Courts in Brazil have ordered Banco do Brasil and Banco Santander to reopen the bank accounts of Bitcoin Max cryptocurrency exchange. The banks had initially closed down the accounts of the exchange in September.
2018-11-1 18:24 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.
2018-10-26 21:07 | |
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CoinText. io, a digital assets wallet that makes it possible for users to send and receive cryptoassets like Dash (DASH), litecoin (LTC) and bitcoin cash (BCH) via short message service (SMS) without smartphones or even internet connection, is now live in Brazil, Poland, Croatia and Romania, expanding its list of supported countries to 31, reported Finance Magnates on October 22, 2018.
2018-10-24 13:00 | |
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CoinText. io is a service that allows users to instantly send crypto to any mobile phone number with the use of text messages. The service recently launched in Brazil and expanded its service to three more nations in Europe.
2018-10-23 21:07 | |
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CryptoNinjas Today, CoinText. io, a service to instantly send cryptocurrency to any mobile phone number using text messages, launched in Brazil and three more European countries Poland, Croatia, and Romania.
2018-10-23 21:36 | |
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One of the most important and largest virtual currency exchanges in Brazil by trading volume, Mercado Bitcoin, has fired over 20 employees. The main intention is to focus on better governance and a more professional customer service.
2018-10-22 19:10 | |
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Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.
2018-10-4 20:51 | |
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Cryptocurrency adoption will likely experience a surge in the coming months. In a recent announcement, it was said that Brazil’s biggest independent brokerage will join the crypto market and will soon be launching a trading platform for Ethereum and Bitcoin, which will give its existing massive client base access to cryptocurrency trading.
2018-9-27 19:29 | |
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Despite being not enthusiastic about cryptos, the largest brokerage in Brazil will enter the crypto space by launching an exchange for Bitcoin and Ethereum in the near future. The post Brazil’s Largest Independent Brokerage to Integrate Bitcoin and Ethereum by the Year End appeared first on CoinSpeaker.
2018-9-24 12:58 | |
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Grupo XP, Brazil’s largest independent brokerage and owner of XP Investimentos SA, is launching an exchange in the upcoming months that will facilitate Bitcoin and Ethereum trading. According to Bloomberg, the new crypto exchange dubbed XDEX will have around 40 employees.
2018-9-24 22:00 | |
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The company, founded in Brazil, emerged in 2014 in the digital currency market as an innovative Exchange, working with a platform focused to simplify trades among cryptocurrencies. It is also the first Exchange in Latin America and has announced the opening of an office in Malta which takes with it almost 300 thousand users.
2018-9-23 12:30 | |
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XP Group, owner of the largest investment firm in Brazil, XP Investimentos, confirmed it would launch a cryptocurrency exchange this week – despite its CEO saying he wished it “didn’t exist.
2018-9-21 14:00 | |
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The parliamentary report published by the UK Treasury Committee has advocated for regulation of the “wild west” crypto-assets sector. The report criticizes the “ambiguity” of the current stance of UK regulators, arguing that with effective regulations, the United Kingdom could become a “global center” for the emerging cryptocurrency sector.
2018-9-21 18:55 | |
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Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions of shutting down accounts of brokers trading cryptocurrency without merit.
2018-9-20 04:25 | |
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Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market.
2018-9-14 22:25 | |
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In recent news pertaining to exchanges, Sfox has attributed a reducing spread in the price of BTC across exchanges to the increased presence of institutional investors in the cryptocurrency markets, Brazil’s government has issued a questionnaire to three local crypto exchanges seeking to obtain data pertaining to their operations, and data from the United States […] The post Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges appeared first on Bitcoin News.
2018-9-1 20:05 | |
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Emane Trade Review Have you ever heard of Emane Trade? Registered on emanetrade. com domain, this company offers high returns for the clients that invest their money in it. The company is aimed at the Brazilian market.
2018-9-1 11:36 | |
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Pundi X has created the world’s first blockchain-based point-of-sale (POS) terminal that could support multiple currencies and help in better crypto adoption across the globe. It will now move to a promising emerging market — Brazil.
2018-9-1 18:19 | |
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Cyberpunks have broken into the system of Brazil’s controversial bitcoin investment platform, Atlas Quantum. If the report by local news source Portal do Bitcoin on August 26, 2018, is anything to go by, the hacker was unable to steal digital assets of investors but succeeded in leaking sensitive information of 264K users, including their email addresses, phone numbers and the amount...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.
2018-8-29 19:00 | |
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Located between the mountains and the sea not far from Rio de Janeiro, Paraty is renowned among travelers to Brazil for its scenic views. It features waterfalls, tropical beaches, an historic Portuguese colonial town, and now a Bitcoin-themed hostel.
2018-8-27 00:15 | |
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A presidential candidate in Brazil has pledged to legalized cryptocurrency in the country if elected. He revealed this through his Twitter handle on the 7th of August, as he affirmed the local currency of the nation remains the national currency of the country as a legal tender for transactions, but cryptocurrency will obtain the status […]
2018-8-12 06:40 | |
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The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.
The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.