Brazil

The bank’s CEO said the firm would release more details for its Bitcoin and cryptocurrency services by or before the release of its quarterly results.

The secretary of finance and planning commented on the city’s plans to put a percentage of the treasury into bitcoin. Brazil has tax breaks for bitcoin miners.

In partnership with Nasdaq and BitGo, XP Inc. will offer bitcoin trading services leveraging cold storage custody solutions on a new platform.

PicPay, the largest payments app in Brazil, is launching a cryptocurrency exchange where its 65 million users can learn about and buy bitcoin.

Over 53 million Brazilian customers can now buy bitcoin through the country’s largest digital bank, Warren Buffett-backed Nubank.

Brazilian congressman, Fábio Ostermann, sees bitcoin as a means to make tools of the state obsolete and allow for technology to set people free.

Gafisa, one of the largest Brazilian real estate developers, now accepts bitcoin for real estate transactions through a partnership with Foxbit.

B3, the Brazilian stock exchange, will begin trading bitcoin futures contracts within the next three to six months and hopes to offer crypto-based services.

XP is the largest broker by market value in Brazil and they intend to launch bitcoin trading by the end of June this year, in partnership with Nasdaq and BitGo.

The country is favoring a single Bitcoin and cryptocurrency legislation in an effort to enact it by the first half of 2022.