Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Crypto.com Receives License as a Payment Institution in Brazil

Crypto.com has obtained a Payment Institution License from the Central Bank of Brazil, the crypto exchange announced on Thursday.

The license allows the company to continue offering regulated fiat wallet services in the country, where the Crypto.com Visa card has been available since 2021.

“Brazil and the entire Latin America market is a significant region in the pursuit of our vision of cryptocurrency in every wallet,” Crypto.com CEO Kris Marszalek said in a statement. Marcos Jarne, general manager and head of legal for Latin America at Crypto.com, added that “Latin America is a major driver in crypto adoption and regulators have also been playing a key role to foster this.”

(by Rodrigo Tolotti)

Brazil
Comments

All Comments

Recommended for you

  • CointimeSG ·

    State of Velo Q3 2024

    Velo recorded positive growth across key metrics in Q3 2024, including a ~59.68% increase in market cap, a ~10.92% MoM rise in USD-denominated TVL, a ~45.02% QoQ increase in average daily transactions on Nova, and a ~31.00% rise in average daily active addresses on Nova.
    State of Velo Q3 2024
  • CointimeSG ·

    Morgan Stanley’s E-TRADE exploring crypto offering

    Morgan Stanley owned E-TRADE is considering adding cryptocurrency trading to its stock and options offerings, according to a report by The Information. The bank spent $13 billion to acquire the broker and its 5.2 million customer accounts in 2020.
    Morgan Stanley’s E-TRADE exploring crypto offering
  • CointimeSG ·

    Bitcoin and Gold are the Winners of 2024

    Also ETH Vs BTC, a Reversal in Correlations & Central Banks Liquidity is Catching Up
    Bitcoin and Gold are the Winners of 2024
  • CointimeSG ·

    Kyrgyzstan's Crypto Mining Tax Revenue Halves to $535K in 2024

    Early 2024 saw a 29.7% revenue decline in Kyrgyzstan’s mining sector. Regulatory issues and rising energy costs may have contributed to the decline.
    Kyrgyzstan's Crypto Mining Tax Revenue Halves to $535K in 2024

  • Arresters of South Korean President Yoon Seok-yeol clash with guards

    after attempting to arrest President Yoon Suk-yeol, Korean senior government officials from the Crime Investigation Department (CID) had a confrontation and physical conflict with security personnel inside the presidential residence today (January 3). The arresting officers have already passed through the main gate of the residence, but have not yet entered the building where Yoon Suk-yeol is located. 

  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts

  • Cointime August 4 News Express

    1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

  • Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

    According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

  • Trump team files complaint over Harris inheriting $96 million in Biden campaign funds

    According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.

  • Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry

    Former US President Donald Trump is reportedly planning to release a fourth NFT collection, as he continues to embrace the crypto industry. In a recent interview with Bloomberg Businessweek, Trump stated that his previous NFT collections were "very successful" and sold out in a day. He also revealed that he plans to release another collection, as his supporters are demanding it. Trump's campaign has also started accepting crypto donations, and he has been vocal about the importance of the US not falling behind China in the crypto industry.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company