According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the drafts, hearing the opinions of market participants in order to tailor these rules to local needs. Central Bank of Brazil […]
The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin […]
Argentina and Brazil are part of the top ten countries with the most crypto ownership, according to a recent report issued by Triple-A, a provider of digital currency white-label payment solutions. Argentina took the fourth place in the list, with 18.9% of its population holding cryptocurrency, while Brazil appears in sixth place with 17.5%. Argentina […]
Cryptocurrency mining company, Enegix Global, has announced the construction of a new 80 MW data center in Brazil, marking a significant expansion of its operations. The two-phase project, set to launch its initial 20 MW phase in September 2024, will operate on natural gas with an uptime of 96%. This strategic move comes amid shifting […]
Santander, the multinational banking giant, has recently announced that it will start offering cryptocurrency trading services in Brazil. The bank will roll out this functionality to selected customers of Toro, its investment unit, this week and will gradually extend it to more users in the future. With this move, Santander joins Nubank and Itau Unibanco, […]