Brazil’s Senate approves ‘Bitcoin law’ to regulate cryptocurrencies

Brazil’s Senate has passed the country’s first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry.  The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. […]

Owner of Brazil’s Largest Crypto Exchange Plans to Launch Quantitative Trading Service

2TM, the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation, plans to launch a crypto asset manager focused on quantitative trading, the company confirmed to Brazilian financial media outlet InfoMoney on Thursday. Source link

Ripple and Brazil’s Central Bank Hold Closed Meeting to Discuss ‘Institutional Matters’

Ripple, the company associated with the XRP cryptocurrency, had a closed-door meeting with the central bank of Brazil on May 30 to discuss “institutional matters”.  According to the financial institution’s website, its president Roberto Campos Neto had a video conference with Ripple CEO Brad Garlinghouse and three other representatives of the crypto firm.  There’s little […]

Brazil’s New Blockchain Data Tool Cost $250K, Runs on Quorum

Brazilian financial regulators’ new PIER data-sharing blockchain cost about $250,000 to build and it runs on the Quorum blockchain. Banco Central do Brasil (BCB) began developing PIER in 2017 and launched it in early April. In total it cost the bank R$1,300,000, roughly equivalent to $252,700 USD, Press Officer Ivone Portes told CoinDesk. But BCB […]