And Rio de Janeiro has recently said it wants to offer incentives to those paying city property taxes using bitcoins. At the same time, Brazil´s securities regulator was making digital currencies more attractive: It authorized the country´s investment funds to invest in cryptocurrencies in 2018, giving them greater credibility.
Last year, Brazil approved Bitcoin exchange-traded funds, 币安手续费 (
cool training) only the second country in the world to do s
r>Police say the company owned by 38-year-old Glaidson Acácio dos Santos had total transactions worth at least $7 billion ($38 billion reais) from 2015 through mid-2021 as part of a Bitcoin-based Ponzi scheme that promised investors 10% monthly return
r>Things came to a head on April 28 when Rio federal police, acting on an anonymous tip, seized the 7 million reais at the helipad of the Insolito Boutique Hotel in Buzios, a short drive from Cabo Fri
r>A monthslong investigation into dos Santos' business followe
r>That year his company´s transactions totaled nearly 10 million reais ($1.8 million), 15 times higher than the previous year as money siphoned in and out of his bank accounts from all over Brazil, according to a federal police repor
r>The country´s financial intelligence unit also noticed the company - at the time registered as a restaurant - was regularly trading cryptocurrency on online exchange platforms. By 2017, dos Santos was starting to make serious money - and attract authorities' attentio
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r>Police say dos Santos began trading in Bitcoin after leaving his job as a waiter in 201
r>A one-time evangelical preacher in training, he enlisted clients from the Universal Church of the Kingdom of God, Brazil´s largest neo-Pentecostal group, who earned a referral fee for bringing in fresh recruits and kicking back money to G.A.S., police documents sa
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The true tally is likely much higher, said Luciano Regis, a lawyer representing dozens of victims. He said one of his clients enlisted her husband, mother, brother, sister-in-law and an 82-year-old aunt, investing a total 822,000 reais (about $150,000
r>CABO FRIO, Brazil (AP) - In April, Brazil's federal police stormed the helipad of a boutique seaside hotel in Rio de
Janeiro state, where they busted two men and a woman loading a chopper with 7 million reais ($1.3 million) in neatly packed bills.