2023-5-2 14:05 |
Revolut is making its first foray into Latin America, attempting to tap into Brazil's growing demand for crypto assets.
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Brazil's stock exchange B3 says it got regulator approval to launch bitcoin futures trading, set to start April 17.
BlackRock's iShares Bitcoin Trust ETF (IBIT), by far the most successful of the 10 spot bitcoin exchange-traded funds, started trading on the Brazilian stock exchange B3, the company said. The asset manager announced the expansion on Thursday.
BlackRock unveiled its partnership with Brazil's B3 stock exchange to launch the iShares Bitcoin Trust ETF's Brazilian Depositary Receipts on Thursday.
The new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income.
USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023.
The bill, aimed at regulating the artificial intelligence in the country, was introduced to the Senate in December 2022.
Binance, a leading cryptocurrency exchange, has introduced Binance Pay to the Brazilian market. Binance Pay is the exchange’s cross-border and contactless method for cryptocurrency payments, with compatibility for over 70 cryptocurrencies.
