For two years now, the Administrative Council for Economic Defense (CADE) has been pursuing a case involving seven Brazilian banks that denied cryptocurrency brokers access to critical financial services.
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.
The President of Brazil, Jair Bolsonaro, revealed on his Twitter account on Monday, January 7, 2019, that the government is gathering info from the National Bank for Economic & Social Development (BNDES) and other relevant government agencies, and further said that several contracts have been crushed and will soon be revealed.
An assessment of crypto usage is not an easy thing to be done, since it is based on population, environment diffusion and legal background. And for this matter, therefore, this assessment has been made based on data from Localbitcoins, Coinatmradar and Coinmap. It has also been made based on the circulation of ATMs and legal acceptance of the currency in these top 10 nations in question.
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.
Indelible.ink has recently invented a way to store an 80 character record on the Blockchain. Coinidol.com caught up with Steven E. Williams, the CEO of indelible.ink, and asked him a few questions about his company and what it offers to the market.