Bitcoin, Crypto Failed as Currency, Says Brazil's Murilo Portugal

Bitcoin As Currency Has Failed, Says Brazil’s Federation of Banks President, Murilo Portugal

Murilo Portugal, Brazil’s Federation of Banks (Febraban) president declared cryptocurrencies; particularly Bitcoin, have failed to replace fiat currencies. Portugal argued that Bitcoin lacks the basic principles. During a debate named…

Brazilian Cryptocurrency Exchanges Hit Hard by New Tax Laws

Brazilian Cryptocurrency Exchanges Getting Hammered by the Country’s New Tax Laws

Brazilian Cryptocurrency Exchanges News (Feb. 18, 2020) – Some countries have taken a laissez-faire approach toward cryptocurrency, while others outright banned virtual currencies like Bitcoin and altcoins. Since inception, Latin…