2021-3-28 10:47 |
Dustin D. Trammell discusses the early days of BTC with Cointelegraph Brasil.
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Binance, the largest crypto exchange by trading volume, has secured regulatory approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer, according to a Jan. 2 statement.
Binance has fortified its presence in Brazil by bagging approval to take over Sim;paul, a locally licensed broker-dealer.
Brazilian legislators in the Chamber of Deputies proposed allocating 5% of the nation’s $370 billion treasury to Bitcoin strategic reserve.
In this week’s LATAM crypto update, we saw two key launches: Crypto. com’s new Visa card and Nubank Brazil’s new crypto tool exchange in its App. Crypto. com’s highly anticipated Visa card aims to meet the increasing demand for practical cryptocurrency usage in the region.
LATAM’s cryptocurrency scene is witnessing notable growth this week, with Lemon launching virtual cards in Argentina and the use of crypto ATMs in Colombia surging by 25%. These developments highlight the region’s increasing embrace of digital assets, offering new opportunities for users and businesses alike.
This week in LATAM’s cryptocurrency landscape, Brazil continues to see an increase in cryptocurrency activity, with imports of digital assets reaching USD 1. 4 billion in September, as Argentina moves forward on plans to regulate tokens.
Brazil’s government is set to enhance its cooperation with the central bank to tackle regulatory issues surrounding cryptocurrency and meal vouchers. This initiative is anticipated to take shape next year with the appointment of Gabriel Galipolo as the new central bank president.