Mar 12, 2019 at 12:44
Cryptocurrency Exchange in Brazil Gets $350,000 from Santander in Court Order
A court of justice in Rio de Janeiro, Brazil, has ruled in favor of a local cryptocurrency exchange Mercado Bitcoin in a legal case over the termination of one of its bank accounts - by Banco Santander - due to “incompatible activities with the policy,” and even went ahead to freeze its funds. The judicial position muffled an appeal that was officially filed by Banco Sicoob against a particular decision made by the Barra da Tijuca district court that gave the crypto exchange the right to keep its account operational, CriptomoedasFacil reports.
Nov 04, 2018 at 15:07
Brazil’s Exchanges to Submit a Report on Crypto Profits to the Authority
Brazil’s tax authority is concerned over cryptocurrency-related problems, including money laundering and tax evasion. The institution has officially filed a proposal in order to regulate the digital currency field, which was revealed by the Department of Federal Revenue of Brazil (RFB). According to the document, any exchange will need to make financial reports each month.