The Bitcoin Company has unveiled its new Remittances API, allowing individuals and financial institutions to send instant payments to any bank account in Mexico and Brazil in under 1 second, according to a press release sent to Bitcoin Magazine. This API marks the company’s expansion into international remittances, with plans to extend services to the…
BlackRock’s spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil’s stock exchange,…
pichet_w Emerging markets equities saw positive performance in 4Q 2023, driven by valuation re-rating and currency strength. Monthly emerging markets equity insights from David Semple, Portfolio Manager and Ola El-Shawarby, Deputy Portfolio Manager, featuring their unique views on emerging markets. In the fourth quarter of 2023, emerging markets equities largely extended trends seen throughout the…
Strating January 1, 2024, Brazil will introduce a flat 15% tax on crypto profits and up to 6,000 Brazilian reais ($1,200), will be exempt from taxation. In a significant move, President Luis Inácio Lula da Silva of Brazil has signed into law a measure that imposes taxes on crypto assets held abroad by Brazilian citizens….
The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income has already received approval…
OKX is launching its Web3 wallet platform and cryptocurrency exchange in Brazil. It has been officially revealed that one of the leading cryptocurrency exchanges and Web3 tech firms OKX launched its Web3 wallet platform and cryptocurrency exchange in Brazil. Thanks to this move, users in Brazil will have access to secure access to decentralized finance…
In 2023 so far, USDT transactions totaled $271 billion Brazilian reais (approximately $55 billion) and surpassed Bitcoin (BTC) transactions, which accounted for $151 billion reais ($30 billion). Tether (USDT) stablecoin has become the most widely used cryptocurrency in Brazil, with its adoption incredibly soaring this year. According to the report from Brazil’s Receita Federal (the Special…
tum3123 Allocation and stock selection in Turkey, Georgia and Kazakhstan outperformed, while Brazil allocation resulted in an overall negative quarterly performance for the Fund. The VanEck Emerging Markets Fund (the “Fund”) slightly outperformed the MSCI Emerging Markets Investable Market Index (“MSCI EM IMI” or the “Index”) on the quarter-to-date basis ending September 30, 2023 (-1.96%…
The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after. A congressional committee in Brazil has made allegations against Binance, asserting the platform’s involvement in a fraudulent pyramid scheme. The committee also accuses Changpeng “CZ”…
Editor’s note: Seeking Alpha is proud to welcome Mihail Stoyanov as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Hammad Khan Thesis Gerdau (NYSE:GGB) is well-positioned to benefit…
Lyndon Stratford Investment thesis PagSeguro (NYSE:PAGS) is a pioneering disruptor in Brazil’s payment landscape that has grown its share from 1% to 11% in the span of 7 years. The company specialises in servicing small merchants and is diversifying its growth strategy to SMBs as well. Total Payment Volume (TPV) per merchant has grown 5x…
The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. The Central bank of Brazil continues to push further with its progress o the central bank digital currency (CBDC). Previously popular as Digital Real, the CBDC gets a new official brand name…