Brazil’s President Rebuffs Cryptocurrency as Administration Explores Blockchain
“I don’t know what Bitcoin is,” Brazilian President Jair Bolsonaro says even as his administration eyes blockchain projects.
The World Bank is teaming up with MakerDAO to bring blockchain education to Brazilian favelas.
Executive director Suzanne Pelletier told CoinDesk old school philanthropy isn’t making the cut, necessitating new donation methods.
Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals.
Information regarding crypto transactions exceeding $7,600 in value must be submitted to the National Treasury.
“This initiative is an answer to great transformation”, the regulators said.