Brazil Moves Up The Adoption Curve According To KuCoin’s Into The Cryptoverse...
A report issued by the global KuCoin cryptocurrency exchange reveals that Brazilian users are adopting an increasingly positive attitude towards cryptocurrency investments. The Into The Cryptoverse report sheds light on vital metrics reflecting local sentiments on cryptocurrency adoption. Inflation in Brazil, which surpassed the 10% annual mark, is making cryptocurrencies the go-to value storage instrument […]
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Today BTCFlow has launched the first institutional exchange in Brazil, Latin America’s largest economy. “The digital currency market in Brazil is still in its infancy,” said Marcelo Miranda, founder of BTCFlow. “However, we are seeing aggressive growth and adoption in other markets, and have no doubt Brazil will follow suit.” BTCFlow was founded by Marcelo Miranda, a nine-year veteran of the Brazilian division of Deutsche Bank. While at Deutsche, he was the head of equity trading for Brazil. Spanning all of his career, he has accumulated over 15 years in finance and technology.
On Wednesday, September 27, Roberto Campos Neto, Brazil’s central bank governor, announced his intention to tighten crypto regulation. During his speech on Finance and Taxation at a Congress hearing, Campos Neto said virtual assets brokerages should be subject to strict supervision. Given Brazil’s significant increase in crypto adoption, the governor emphasized the need to heighten […]
Bitcoin is being widely adopted across the world, in developed countries like the United States and developing African countries alike. But Brazilians don't seem to be interested in jumping on to the bitcoin bandwagon. Surprisingly for a country which is the 5th largest when it comes to number of internet users, the adoption of bitcoins is very low, with less than 0.1% bitcoin wallet downloads. A number of reasons ranging from lack of knowledge to regulatory issues can be listed for slow adoption of bitcoin in Brazil. Language. With Portuguese being their native tongue, most Brazilians are....
A project in Brazil seeks to emulate the successful adoption of bitcoin seen on the beaches of El Salvador.