Ramp Network, a financial technology firm developing payment rails that link cryptocurrency to the global financial system, announces the launch of its groundbreaking document-free verification procedure. Customers in Brazil may currently utilize this feature to purchase cryptocurrency, and it will soon be available to a larger audience as well. To
Brazilian individuals’ crypto assets kept overseas will now be subject to taxes, according to a bill signed into law by President Luis Inácio Lula da Silva. After being signed by the President on December 12, the legislation was published the next day in the Official Diary of the Union, also
Brazil and Buenos Aires are leading the way into a new age of digital identity verification as countries across the world struggle with demands for more secure identification systems. Both jurisdictions have adopted blockchain technology in an effort to provide their residents with safer, more reliable, and more streamlined services.
Building on its newly established presence in Brazil, Ramp, a financial technology firm creating payment rails linking cryptocurrencies to the world’s financial system, has added the Pix payment system of the Brazilian Central Bank as a mode of payment for crypto purchases made in Brazilian Real. By integrating Pix, Ramp has
On Monday, Brazil’s central bank unveiled its imminent central bank digital currency (CBDC), named “DREX,” which is set to launch next year. The purpose behind this initiative is to enhance the country’s financial services through the utilization of this digital currency. The central bank of Brazil revealed the new CBDC
Two major Brazilian institutions have been given permission by Brazil’s central bank to take part in the pilot of the digital real, the country’s central bank digital currency (CBDC). Consortium members, including the major local bitcoin exchange Mercado Bitcoin and the state-owned bank Caixa, have been granted permission to begin
Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic
To better serve its customers, Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has obtained a payment institution license from the country’s central bank. Mercado Bitcoin now has the legal authority to provide its MB Pay fintech solution, which will include a crypto payments card and other digital banking features. The Central
The United States is seeing a decrease in its once-mighty currency. Due to rising issues such as rising debt, increasing interest rate rises, inflation, and growing uncertainty in the financial markets. The BRICS countries (Brazil, Russia, India, China, and South Africa) have been actively looking for alternatives to the shaky
Bitcoin, the largest cryptocurrency by market capitalization, has transitioned from being an esoteric fascination to a commonly recognized monetary instrument. While its hype extends globally, some countries are at the forefront, experiencing an extraordinary leap in the number of crypto users and owners. Crypto Craze: 2018-2022 Growth in Key Global
