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Brazil

Brazilian State Launches Blockchain Platform for Government Contract Bids

In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12. The blockchain-based solution, called Online Bid Solution (SOL) was reportedly developed by Cayenne Technology and Design. Bids will reportedly be completely transparent and secure …

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Brazilian BTC Exchange Faces Numerous Lawsuits From Clients Unable to Access Funds

Clientele from multiple states in Brazil have filed lawsuits against bitcoin (BTC) investments firm Bitcoin Bank Group for inaccessible crypto funds, according to a report by Cointelegraph Brasil on June 18. The lawsuits are reportedly over issues with users being unable to withdraw funds from the BBG’s associated cryptocurrency exchange, Paraná-based NegocieCoins. As of press …

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Brazilian Financial Authorities Announce Regulatory Sandbox For Blockchain

Four of Brazil’s major financial authorities have come together to regulate emerging technologies, including blockchain. The Ministry of Finance, the Central Bank of Brazil, the Securities Commission, and theSuperintendent of Private Insurance recently announced their intention to adapt new regulations to manage fintech and cryptocurrency advances. The regulations will affect Brazil’s securities, financial, and capital …

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Ripple Kicks Off South America Expansion With Brazil Launch

Blockchain payments company Ripple has launched in Brazil as the first stage of its planned expansion across South America. For the effort, Ripple has hired veteran fintech entrepreneur and executive Luiz Antonio Sacco as managing director to drive strategy and help develop Ripple’s business in the region, according to a press release issued Tuesday. Sacco’s LinkedIn profile indicates …

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President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’

The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4. Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination …

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Brazil Establishes Committee for Cryptocurrency Regulation

The President of the Chamber of Deputies of Brazil has ordered to establish a commission to consider cryptocurrency regulation in the country, Cointelegraph Brasil reported on May 31. The Chamber of Deputies of Brazil is a federal legislative body and the lower house of the National Congress of Brazil, and consists of representatives of the …

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PR: Tronipay Launches Cross Border eCommerce Solution

<header class=”article__header”> </header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> The high growth of the market has created new opportunities and attracted talented entrepreneurs to …

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DeepDotWeb Defendants Used Bitcoin to Hide Criminal Proceeds, Say Feds

U.S. authorities have formally charged the alleged moderators of DeepDotWeb, the dark web comparison and news site seized by the feds, with money laundering, taking illegal kickbacks and other crimes. Police arrested the two Israeli citizens – Tal Prihar, 37, and Michael Phan, 34 — on Monday. Prihar, who lived in Brazil, was taken in France …

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Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy. The new policy …

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Brazilian Court Rules Santander to Return $350,000 to Crypto Exchange Mercado Bitcoin

The Court of Justice in the Brazilian state of São Paulo has dismissed the appeal made by Banco Santander against cryptocurrency exchange Mercado Bitcoin, and ruled that the bank should return funds to the company, local crypto media CriptomoedasFacil reports on March 8. Previously, the bank reportedly closed the exchange’s account, claiming that its activity …

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