Brazil Creates Crypto-Dedicated Investigation Unit
The public prosecution of the Federal District, located in the center-west region of Brazil, has launched its own cryptocurrency investigation unit. The newly formed unit will focus its activities on aiding other prosecutors in cryptocurrency investigations, and also educating consumers about the safe use of cryptocurrencies. Cryptocurrency Crimes Unit Launched in Brazil Cryptocurrency crimes have several traits that make them difficult to detect by traditional intelligence units. This is why some countries have already dedicated part of their budget to building resources to face....
Related News
After JPMorgan analysts praised bitcoin, saying that the price of the cryptocurrency could triple, JPMorgan reveals that it has set up a dedicated crypto unit and its own cryptocurrency is now being used commercially by a large tech company for the first time. JPMorgan’s Crypto Now Used Commercially Global investment bank and financial services company JPMorgan Chase has set up a dedicated crypto business unit called Onyx with more than 100 staffers, CNBC reported Tuesday. JPMorgan’s announcement came after a team of analysts at the firm’s Global Markets Strategy group....
Itaú Unibanco, one of the largest holding companies in Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The company informed that it will also offer tokenization services through a digital assets unit, that will allow customers to issue tokens backed by real-world assets, acting as a platform to facilitate their trading.
Itaú Unibanco Adds Tokenization to Its Services
Financial companies are starting to diversify their offerings by including blockchain and crypto-related services. Itaú Unibanco, a large holdings and....
A 32-year-old Brazilian woman was recently rescued by the Civil Police on the east side of São Paulo, Brazil. The woman, married to a bitcoin businessman, was kidnapped in Florianopolis on Wednesday. The ransom was demanded in bitcoin and another unnamed cryptocurrency, according to local publication Diário Catarinense. The kidnappers approached the victim right after she dropped her daughter off at school, 50 meters away from where she lives. While on their way to the city, they kidnappers contacted the victim’s husband demanding the ransom, sending him a video of victim in which she said....
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money into blockchain and digital currencies. Schulman explained: We all know the current financial system is antiquated, and we can envision a future where transactions are completed in seconds, not days; a future where transactions should be less expensive to complete; and a future that enables all....
Siemens AG will establish a dedicated business unit under the name, “next47,” to accelerate the development of new technologies, including blockchain applications. The name refers to the company’s founding in 1947. The new unit will combine the independence, speed and agility with Siemens’ financial strength and credibility in serving a global customer base. One of its goals is to address blockchain applications intended to simplify and securitize data transfer in industry and energy trading. €1 billion To Be Invested. Siegfried Russwurm, chief technology officer, said the company will....