Brazil

Crypto’s rising popularity in Brazil

• Bitcoin.com: Bank of Brazil Becomes the First State-Backed Bank to Allow… – April 2021
  According to a letter sent by Hashdex to its clients, the state-backed banking institution will be able to offer its customers the possibility of buying the crypto ETF of Hashdex, which will have the ticker “HASH11.” That said, the Bank of Brazil’s customers could have exposure by investing in the fund, which will replicate the Nasdaq Crypto Index (NCI).
• Coin Telegraph: Brazilian Stock Exchange approves two new crypto ETFs… – March 2021
  The Brazilian Securities and Exchange Commission, or CVM, approved two cryptocurrency ETFs – one 100% Bitcoin and the other composed of five cryptocurrencies, in addition to Bitcoin (BTC).
• Investable Universe: Latin America’s Largest Crypto Exchange Eyes Global… – January 2021
  Latin America’s largest cryptocurrency exchange, Mercado Bitcoin of Brazil, announced that it has received a new investment round of BRL 200 million (about $37 million). Led by Brazilian private equity firm GP Investimentos and early stage VC Parallax Ventures, the new funding round will help Mercado Bitcoin to scale across Latin America, and to invest in its Bitrust qualified custodian offering for large institutional investors, and its digital wallet product, Meubank.
• Coingeek: Brazil targeting 2022 launch for Central Bank Digital Currency… – September 2020
  The Digital Currency will be part of Brazil’s plan to digitize its payment system, including launching an instant payments system and a competitive Open Banking System.
• Bitcoin.com: Brazilian crypto companies target $100 billion market value… – August 2020
  Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country.
• Coin Rivet: Central Bank of Brazil recognises cryptocurrency as money… – September 2019
  The trading of digital assets by Brazilians will now also be included in the country’s balance of trade statistics.