Brazil Financial News

Brazil has finally passed the bill regarding the country’s crypto framework after months of anticipation. The bill awaits approval from the Chamber of Deputies before President Jair Bolsonaro signs it into law. It is then expected to be put in motion by the end of 2022.

A 20% annual rate on a credit card might seem usurious to an American consumer, but Brazilian cardholders face an average annual percentage rate of 346% on their plastic.

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 US defence secretary Lloyd Austin kicked off NATO-EU talks on Tuesday, saying that Ukraine can win against Russia in the two-month-long conflict.

A Turkish court has sentenced prominent civil rights activist and philanthropist Osman Kavala to life in prison without parole.

Australia's first bitcoin ETF to launch next week

Ripple, the San Francisco-based blockchain company, has admittedly seen more success and received warmer welcomes abroad than within the USA. So naturally, many investors and XRP-holders want to know where the company is looking at next to launch new projects and partnerships. And to that end, a statement by the company published on 20 April suggests where Ripple might be focusing in the near future.

The number of adults in the United States who will use crypto to make purchases in 2022 will increase to 3.6 million, according to a research firm.

Indian Finance Minister Nirmala Sitharaman in her address to the International Monetary Fund called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit activities.

Last week was the Paris Blockchain Week, and the epicenter of crypto policy and regulatory conversation moved to the French capital accordingly. Cointelegraph reported extensively from the ground and ran a series of interviews with some of the crypto industry’s captains who shared their thoughts on the state of regulatory affairs. For one, Binance’s Changpeng Zhao said that he was excited to see regulators embracing financial innovation and introducing crypto-friendly policies, calling it a major trend of 2022. Bertrand Perez, chief operating officer of the Web3 Foundation, opined that many policymakers, including some in the European Union, still tend to act too fast on crypto regulation without getting properly educated on the subject first. Ripple’s Brad Garlinghouse even filled in the Blockchain Week crowd on the latest developments in the company’s court struggle against the United States Securities and Exchange Commission, which indeed saw some upside for the issuer of Ripple’s XRP.

Cryptocurrencies traded in the green early on April 16. The global crypto market cap is $1.89 trillion, a 1.14 percent increase over the last day. The total crypto market volume over the last 24 hours is $62.15 billion, which makes a 19.60 percent decrease.

An ambitious private member’s bill that seeks to regulate the Brazilian crypto market could be approved by the National Congress before the end of the first half of this year – with MPs set for a key vote on Tuesday next week.

Rappi, the most popular delivery service in Latin America, is working with Bitso and Bitpay to accept Bitcoin (BTC) and other cryptocurrency payments.

The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil.

The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported.

Last year, cryptocurrencies reached a “tipping point,” according to Gemini’s 2022 Global State of Crypto report, “evolving from what many considered a niche investment into an established asset class.” 

You may have seen analysts, traders, and builders boldly claiming that 2021 was crypto’s “breakout year.” It’s certainly hard to deny, when considering the explosion of press and memes that came with the rise of dog-themed coins and then ape-themed NFTs. But how to prove this?

Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend.

Nearly half of the surveyed crypto owners made their first crypto purchase last year, according to a survey commissioned by crypto exchange Gemini.

The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to a new report.

Nearly half of crypto owners first bought digital assets in 2021 -survey