Crypto Gateway Solution Banxa Announces Global Expansion

Announcements, News | May 6, 2022 By:

Payment service provider (PSP) and RegTech platform BANXA Holdings has expanded globally with local entities established in Brazil, Turkey, the UK and the USA. The company is also actively exploring the setup of operations in Luxembourg and India.

Banxa powers the world’s largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets.

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Brazil Tax Authority Requires Traders To Report Crypto Transactions

News, Regulation | August 5, 2019 By:

Brazilian cryptocurrency traders are now obligated to report their transactions to the country’s tax authority.

The Department of Federal Revenue of Brazil published a guideline stating that crypto transactions, including purchase, sale, donation, transfer, withdrawal, and issuance, that exceed $30,000 Brazilian real ($7,600 USD) must be reported to the National Collection via the Virtual Service Center (e-CAC) every last working day of the month.

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Blockchain Firm R3 Teams With Banco Maré On Brazil-Based Tokenized Stock Exchange

News | July 18, 2019 By:

Brazilian FinTech firm Banco Maré is collaborating with blockchain firm R3 to launch a stock exchange for individual and institutional investors.

Brazilian news outlet Valor Econômico reported that Banco Maré, a blockchain-powered digital bank focused on financial inclusion, is working with R3 to build a tokenized stock exchange offering investments in technology companies with social impact.

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Brazilian Payment System To Integrate Blockchain-Powered Digital ID Platform

Blockchain, Innovation, News | June 4, 2019 By:

A blockchain-based identity solution powered by Hyperledger Fabric will reportedly be integrated into the Brazilian Payments System (SPB).

The identity solution was co-developed by tech giant IBM and CIP, Brazil’s Interbank Payment Clearing House. The solution is designed to authenticate and verify digital identities for users’ bank accounts by using an individual’s mobile phone and SIM card information in combination with other smartphone-derived personal data.

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