Brazil
Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto
The mayor of Rio de Janeiro, Brazil’s second-most populous city, reportedly announced last week he plans to allocate 1% of the city’s treasury reserves to cryptocurrencies. Bruno Ramos de Sousa, Head of Global Expansion at Brazilian crypto asset manager Hashdex, shares insights into what this could mean for bitcoin adoption in Brazil.
Brazilian Asset Manager Hashdex to Launch DeFi ETF Including UNI, AAVE and COMP
The product will be listed on the Brazilian stock exchange B3 as of February.
Bitcoin Price: Still Room to Fall?
Bitcoin's price could continue to fall as the "death cross" pattern looms on its daily charts by some estimates. "All About Bitcoin" discusses BTC's possible outcomes next week and short-term signals to watch. Plus, an update on the state of crypto adoption in Rio de Janeiro, Brazil, as the city plans to invest 1% of its treasury into bitcoin.
Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto: Report
The Brazilian city also plans to give discounts on tax payments made with bitcoin.
Why Brazilians Are Turning to Stablecoins Like Tether
Amid high inflation and a steady devaluation of the Brazilian real, locals tripled the traded volume of stablecoins in 2021.
Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition
2TM, the holding company for Mercado Bitcoin, acquired CriptoLoja, Portugal’s first licensed crypto exchange, as step one in its plans to expand into Europe.
Latin American Crypto Exchange Bitso to Sponsor São Paulo Football Club
The three-year partnership with the team will enable fans to purchase tickets and merchandise with cryptocurrencies.
Brazilian Crypto Asset Manager Hashdex Pursues US Expansion Following 2 Key Hires
The firm is adding staff for its U.S. operation and created the positions of head of corporate communications and chief of staff.
Brazil Stock Exchange B3 Plans to Enter Crypto Market in 2022: Report
The country’s only exchange is evaluating opportunities in asset tokenization and digital asset custody, and it also plans to launch a crypto ETF.