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Brazil
Brazilian Senate Committee Approves Bill Regulating Crypto Transactions
The project, introduced by Senator Flávio Arns, has to be voted on by the Senate plenary and then, if approved, by the Brazilian Chamber of Deputies.
Brazilian Crypto Exchange Foxbit Raises $21M in Series A Funding
Funds will be used for developing new technology, team expansion and potential acquisitions, the company said.
Brazilian Asset Manager Hashdex Launches DeFi ETF on Local Stock Exchange
The ETF, which trades under the ticker DEFI11, attracted 2,200 investors for a total amount of $10.5 million, about a tenth of the $96 million it expected to capture.
Brazilian Asset Manager QR Launches First Local DeFi ETF
QDFI11 was listed on the Brazilian stock exchange, B3, and tracks the Bloomberg Galaxy DeFi index.
Turkish Crypto Firm Bitci Eyes Expansion Into Brazil, Spain: Report
The company aims to open a trading platform in Brazil next month with a Spanish one planned in March.
Watch Out for the Pols Bearing Crypto
Rio de Janeiro is the latest city to invest in bitcoin. The public needs transparency.
Rio Official Explains Why City Is Putting 1% of Its Treasury Reserves Into Crypto
Chicão Bulhões, the city's secretary of economic development, told CoinDesk TV the move seeks to reduce locals' distrust of cryptocurrencies and turn the city into a crypto hub like Miami.
Rio De Janeiro 'Inspired by Miami' to Add Crypto to Its Balance Sheet
Brazil's second most populous city, Rio De Janeiro, is planning to allocate 1% of the city's treasury reserves to cryptocurrencies, also exploring applying discounts to tax payments made with bitcoin. "We were really inspired by Miami actually," Rio de Janeiro Economic Development Secretary Chicão Bulhões said of the move, sharing insights into what this means for the state of crypto in Brazil.
Mobile-First Blockchain Celo Launches Stablecoin Tied to Brazilian Real
As of Thursday, three Brazilian crypto exchanges will list the cREAL.
Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges
A cocktail of inflation and devaluation is generating a crypto boom that players such as Binance, Coinbase and Crypto.com do not want to waste.