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Crypto Millionaires on the Rise in 2023
In 2023, there has been a sharp 237% increase in cryptocurrency millionaires, with BitInfoCharts data showing a significant rise in wallets holding over $1...
Crypto Tax Cooperation by Chile, Brazil, Mexico
Chile, Brazil, and Mexico have joined a coalition of over 40 countries in agreeing to share tax data on cryptocurrencies. This group aims to...
Brazil’s Central Bank Eases Entry for Crypto Firms
Brazil's Central Bank has declared that cryptocurrency firms are free to operate without the need for specific authorization.
This covers exchanges, wallets, and service providers....
Crypto Sector Evolves Amid Post-FTX Challenges
Nearly a year has passed since the downfall of Alameda Research, the trading firm at the heart of Sam Bankman-Fried's crypto empire.
Now deemed guilty...
Big Jump in Weekly Crypto Fund Investments
Last week, a big increase in money going into crypto Exchange-Traded Products (ETPs) happened.
CoinShares, an asset management firm, reported $326 million in new investments....
Tether Dominates Brazil’s Crypto Transactions in 2023
In 2023, Brazil's revenue agency reported that Tether (USDT) accounted for 80% of all crypto transactions in the country.
By mid-October, USDT transactions hit R$...
Venezuela Allows Crypto Trading on Exchanges
Venezuela's regulatory body, Sunaval, has cleared the way for brokerages to trade cryptocurrencies.
Specifically, Sunaval issued Circular No. 000014. This circular allows exchanges to offer...
Brazil Passes Bill to Tax Overseas Crypto Earnings
Last week, Brazil's House of Representatives approved Bill 4173/23, which establishes tax rates for individuals with cryptocurrency earnings.
Specifically, the tax applies to those who...
Brazil’s Growing Crypto Imports Impact Trade Balance
Cryptocurrency imports in Brazil are on the rise, affecting the country's trade balance.
The Central Bank of Brazil reports that these imports reached $7 billion...
Peru Bans Crypto in Gambling and Betting
The Peruvian government has banned using Bitcoin and other cryptocurrencies in gambling.
This new law starts in February 2024. It stops companies from using digital...
Ferrari Now Accepts Crypto in the U.S., Plans for Europe
Ferrari announced earlier this week that they have started accepting cryptocurrency for their luxury cars in the U.S.
Next, they plan to bring this payment...
Crypto’s Answer to Argentina and Venezuela Woes
Chainalysis' recent report highlights Bitcoin usage in Latin America, focusing on the economic challenges of Argentina and Venezuela.
Argentina uses Bitcoin to protect against its...
Brazil Requires Local Offices for Crypto Firms
Brazil's Central Bank leader, Roberto Campos Neto, has laid out new rules for the crypto market.
First, he says crypto companies must open a local...
Panama Gears Up for Widespread Cryptocurrency Adoption
Forex Suggest ranks Panama ninth among countries ready for crypto use in 2023. The study focuses on key factors like public interest, legal status,...