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Lucas schoch
The State of Crypto In Brazil
Banco do Brasil, Brazil's largest public bank, is enabling the payment of taxes with cryptocurrencies. The service will operate in partnership with Bitfy, a startup focused on blockchain solutions. Bitfy Founder and CEO Lucas Schoch discusses the crypto regulatory landscape in Brazil and how it contributed to these developments.
Bitfy CEO on Brazil's Largest Public Bank Enabling Tax Payments to Be Made With Crypto
Banco do Brasil (BB), Brazil’s largest public bank, has enabled the payment of taxes with cryptocurrencies. The service is only available to customers with crypto deposited with Bitfy, a startup specializing in blockchain solutions in which BB's corporate venture capital arm has invested. Bitfy CEO and Founder Lucas Schoch shares insights into the initiative and the state of crypto adoption in Brazil. Plus, reactions to the International Monetary Fund’s (IMF) Executive Board stating cryptocurrency should, in general, not be granted legal tender status.