Paulo Guedes, Brazil’s Minister of Economy, said that Brazil is about to join the Organization for Economic Cooperation and Development (OECD) and the Brazilian government has plans to launch a public offering of shares (IPO) for the newly-created digital bank of Caixa Econômica Federal. It has been reported that Caixa Econômica Federal created a digital bank during the pandemic to help the government send financial aid to around 64 million Brazilians. However, Guedes’ commen

Brazil has planned to use a blockchain-based system called the National Health Data Network or RNDS to track COVID-19 vaccinations, as a recent YouTube webinar from the Ministry of Justice and Public Security hosted discussion on blockchain’s usefulness in several categories, including the fight against corruption. It has been reported by Reuters that at the beginning of September, the country is not likely to push a mandatory vaccine, while September 9 news reported by Merco

JBS S.A., a major meat processing company, is using blockchain technology to help reducing deforestation in the Amazon rainforest, Brazil. On September 23, it has been reported by Reuters that JBS said that it plans to launch a blockchain-based traceability system for its meat supply chain to ensure it does not buy livestock from farms that are known to have illegally felled trees. However, the company has previously only monitored the final link in the meat supply chain, mea

WhatsApp has announced instant in-app fiat payments for over 120 million users in Brazil. On June 15, it has been reported in a statement released by WhatsApp that users that have Visa and Mastercard debit or credit cards from Banco do Brasil, Nubank or Sicredi can now attach instant payments to their messages. However, there’s an unspecified monetary limit imposed due to Anti-Money Laundering (AML) and Combating the Financing of Terrorism concerns. Additionally, WhatsApp use

Banco BTG Pactual, the largest private investment bank in Latin America is issuing some of its real-estate backed security tokens on Tezos blockchain. Previously, the bank had issued its ReitBZ tokens on the Ethereum blockchain while raising $10 million in Ether and Gemini Dollars. ⁠Largest Private Investment Bank in Latin America Issues Real Estate Tokens on #Tezos Banco BTG Pactual, the largest private investment bank in Latin America is moving some of its real estate-back

Brazil may have opened the doors for Bitcoin (BTC), as Bitcoin’s year-to-date performance compared to the Brazilian Real coupled with the country’s financial distress. On May 11, it has been reported by Delphi Digital titled “The State of Bitcoin” that Brazil’s central bank lowering its interest rates to 3% and the fact the Real had lost 30% of its value relative to the US dollar could drive away investors “who find the risk-reward tradeoff no longer attractive” in certain lo

Tax regulations implemented before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges, as digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business https://t.co/2fz11bMk9k pic.twitter.com/q7Y8iKgXZ

Tax agency of Brazil- The Department of Federal Revenue (RFB) published a new tax code specifying on fines for taxpayers who fail to declare their Bitcoin (BTC) and cryptocurrency transactions. On Dec. 6 Cointelegraph Brasil reported that the new crypto tax code is a follow-up to provisions made by the RFB in August that require Brazilian citizens to report all transactions involving cryptocurrencies, in accordance with rules established by Normative Instruction 1,888 introdu

A New York-based Foundation and a non-profit NGO, Rainforest Foundation who works in Central and South America are expecting to support anti-deforestation attempts to the Amazon Forest with crypto and blockchain technology. Fires and Deforestation in the Amazon Rainforest On September 4’ 2019, the Rainforest Foundation offered help to the crypto and blockchain group for asking their support to fight against forest fires and deforestation in Brazil. The post on the Foundation’