Bitcoin-focused Latin American company OranjeBTC is set to go public on Brazil’s B3 exchange in early October with more than $400 million in BTC reserves, making it Brazil’s largest publicly-traded bitcoin treasury firm. The move, confirmed by local news outlet Brazil Journal and at Mercado Bitcoin’s DAC 2025 conference, will see it go public via … Read more
Brazil’s largest private asset manager Itaú Asset Management has formed its first dedicated crypto division and named João Marco Braga da Cunha, a former executive at Hashdex, to run the new unit. The division, local news outlet Livecoins reports, will sit within Itaú’s multidesk investment structure, which oversees more than 117 billion reais ($21.6 billion) … Read more
Itaú Asset Management, Brazil’s largest private asset manager, has created a dedicated crypto division and appointed former Hashdex executive João Marco Braga da Cunha to lead the new unit. The unit builds on Itaú Asset’s existing crypto products, including the bank’s Bitcoin exchange-traded fund (ETF) and a retirement fund offering exposure to digital assets. Itaú … Read more
Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless … Read more
Brazil has reportedly halted the pilot testing of Drex, its central bank digital currency (CBDC), The pilot of the country’s first CBDC will take place by 2025, as the Central Bank of Brazil has found blockchain privacy solutions to be insufficient, which could cause financial inconvenience to Brazilian nationals, according to a report that states … Read more
Itau Unibanco, touted as the largest bank in Brazil, has decided to open crypto trading services for its massive userbase of over 60 million. This step from Itau Unibanco comes after the bank tried offering this functionality to a small bunch of select users to check if users were interested in accessing this service at … Read more