4 altcoins that surpassed all other coins this week

In addition to Bitcoin and Ethereum, many other Altcoins posted enormous gains. That’s why today we’re taking a look at four cryptocurrencies that have outperformed all others in the past few days.

After Bitcoin rose enormously, especially in 2020, this trend has also had an impact on the rest of the crypto space. Now the altcoins are following suit. In the following we consider the four top performers of the 100 largest cryptocurrencies on CoinGecko (02/04/2021).

4. SushiSwap (SUSHI): 121.6 percent price increase

SushiSwap is Ethereum’s second largest decentralized exchange (DEX). SUSHI is a fork of UniSwap, the largest DEX in the world . In terms of functionality and appearance, SushiSwap is almost identical to UniSwap.

Still, there are some significant differences. The DEX rewards those who provide liquidity on SUSHI with SUSHI tokens. This process is called liquidity mining and ended at UniSwap last year. Compared to UniSwap, liquidity mining on SushiSwap is expected to continue until 2023.

In addition, the Altcoin SUSHI not only serves as a governance token, with which owners can participate in the development of the SushiSwap protocol, but SUSHI owners also participate in the profits of the decentralized exchange. The trading volume on SushiSwap regularly amounts to more than 300,000 million US dollars a day .

3. SwissBorg (CHSB): 144 percent price increase

SwissBorg is a decentralized asset management platform that is accessible to everyone and is based on blockchain technology. SwissBorg aims to make investing in cryptocurrencies as easy as possible. In addition, users on SwissBorg can receive interest on their Bitcoins and Altcoins.

In addition, SwissBorg has its own token that has multiple purposes. On the one hand, it serves as fuel for the entire SwissBorg network. On the other hand, it can be used for staking, to get discounts and to guarantee users voting rights on the platform.

In addition, CHSB is also used for the distribution of rewards through the “Proof of Meritocracy” concept and the “Protect and Burn” policy of the decentralized organization. The purpose of this policy is to increase the scarcity of the token and increase the value of the existing tokens by burning the supply from the generated revenue.

2. Uma (UMA): 291.7 percent price increase

UMA is a Decentralized Finance (DeFi) Altcoin, the abbreviation for “Universal Market Access”. The decentralized protocol wants to make the financial market accessible to everyone and uses the Ethereum blockchain for this. It can be assigned to the DeFi derivatives sector and is one of the largest projects in this area.

On Uma, you can create custom synthetic tokens backed by UMA or other altcoins that can track the course of virtually anything. These include stocks, raw materials and currencies. Each asset is mapped with an ERC-20 token and made tradable without actually having any exposure to the real asset itself.

In addition, the UMA token holder has a say in the further development of the Uma protocol. In addition, the team behind Uma is highly professional and consists, among other things, of former Goldman Sachs employees.

1. Dogecoin (DOGE): 621.9 percent price increase

Dogecoin outperformed all other altcoins this week. Although the Altcoin was originally intended as a parody of Bitcoin and the rapidly growing number of cryptocurrencies, DOGE’s price soared this week .

In particular, tweets from Elon Musk and various Telegram groups catapulted the meme altcoin to a new all-time high.

Anthony Scaramucci dice che Bitcoin è „sicuro come le obbligazioni e l’oro“ dopo una scommessa da 310 milioni di dollari

Un gestore di fondi di New York che ha investito molti soldi in Bitcoin questo mese ha contestato il caso rialzista per il bene in un pezzo di opinione.

Perché Bitcoin per il futuro

Il co-fondatore di SkyBridge Capital Anthony Scaramucci ha parlato del caso rialzista per Bitcoin nei prossimi anni in un pezzo di opinione pubblicato domenica. È stato raggiunto dal presidente e COO Brett Messing, che ha condiviso le opinioni.

Scaramucci ha fatto notizia all’inizio di questo mese dopo che la sua azienda ha presentato il suo Crypto Engine Fund LP, che detiene oltre 310 milioni di dollari di valore del bene, 25 milioni dei quali sono di proprietà di SkyBridge.

Domenica, ha ulteriormente rafforzato la sua convinzione sul bene. „Gli investitori si stanno accaparrando Bitcoin, che, per la sua stessa natura, è impermeabile all’inflazione. Per la legge della domanda e dell’offerta, questo rende il Bitcoin un asset limitato e in via di sviluppo“, ha scritto Scaramucci, rendendo omaggio alla natura deflazionistica dell’asset.

Ha aggiunto che la rapida crescita di Bitcoin ha fatto sì che i governi e le istituzioni di regolamentazione si sedessero e prendessero atto di dove l’asset digitale si stava dirigendo in ultima analisi, sia da un punto di vista normativo che di protezione, come i molti rischi associati alla valuta digitale.

In termini di tali problemi, Scaramucci ha notato che l’Ufficio del Comptroller of Currency degli Stati Uniti ha ora autorizzato le banche e i depositari a fornire servizi di criptovaluta – una mossa impensata fino al 2017 – che ha eliminato diversi problemi di fiducia relativi al mercato delle criptovalute.

Ha aggiunto a questo proposito:

„Fino a poco tempo fa, come investimento, Bitcoin ha avuto rischi unici e pronunciati, ma questo sta cambiando, con nuove regole e regolamenti che hanno spronato una più ampia adozione istituzionale“.

Scaramucci ha inoltre affermato che Bitcoin, nonostante sia nella sua „fase iniziale di adozione“, è relativamente maturato e ora offre „un significativo valore a lungo termine“.

Come l’oro perde questa battaglia

Scaramucci ha detto che nelle attuali condizioni di mercato, un mercato che è stato principalmente sostenuto dalla Federal Reserve degli Stati Uniti, gli investitori stavano „raccogliendo Bitcoin“ come una copertura contro la dilagante, potenziale inflazione.

Ha inoltre affermato che le istituzioni finanziarie come il trilione di dollari del gestore patrimoniale Fidelity hanno recentemente avanzato nello spazio Bitcoin, rendendo l’investimento (per gli investitori retail e istituzionali) „sicuro come possedere obbligazioni e materie prime come l’oro“.

Per quanto riguarda la volatilità di Bitcoin, Scaramucci ha attribuito questo aspetto alla novità della classe di attività e alla mancanza di regolamentazione, aggiungendo che l’intangibilità del bene lo rende ancora più prezioso.

„Si può sempre estrarre più oro“, ha concluso.

Tax amendments for cryptocurrency owners in Russia to be finalised due to arbitrary penalties

It is not clear from the text of the draft law on the taxation of cryptocurrency transactions what tax will be imposed on digital assets, and the amount of fines being imposed is unreasonable. This is stated in the conclusion of the legal department of the State Duma of the Russian Federation.

The experts pointed out that in the document digital currency was taken Immediate Bitcoin out of the value added tax and income tax. In this regard, they recommended to further justify the recognition of cryptocurrency as an object of taxation.

The bill introduces penalties for individuals and organisations that fail to report the right to dispose of cryptocurrency, turnover and balance in a timely manner if the amount of receipts or debits for the year exceeded the equivalent of RUB600,000.

If the taxpayer failed to include cryptocurrency receipts in the tax base, the penalty will be 40% of the unpaid tax. Failure to report digital currency receipts or debits would incur a charge of 10% of the higher of the debit or account balance. If the information is not submitted on time, the fine would be 50,000 roubles.

„The explanatory note does not contain arguments for the amount of fines envisaged. Arbitrary regulation of such relationships is unacceptable. In addition, the document provides for different penalties for the same offence – failure to submit a report on digital currency transactions and balances to the tax authority,“ the opinion reads.

The document gives taxpayers the right to report the ability to dispose of digital currency (including through third parties), to submit reports on transactions with it and account balances.

„However, based on the essence of the draft law, the above is not a right but an obligation of the taxpayer,“ the experts pointed out.

The Tax Service is given the authority to request from banks statements of accounts of individuals used to conduct transactions with digital currency in case of suspicion of violation of the law. However, the draft does not provide clarification on the procedure under which the supervisory authority can establish indications of such a violation.

Also, the document does not address the taxation of digital financial assets.

Opinion of the Legal Department by ForkLog on Scribd

Comments have been sent to the RF State Duma Committee on Budget and Taxes.

Recall that the government-approved bill on the taxation of cryptocurrencies was submitted to the State Duma in early December 2020.

Specially for ForkLog, experts carried out a breakdown of the bill.

$ 288,000 per Bitcoin – cryptocurrency follows 2013 bull run

The largest cryptocurrency by market cap has had a huge run in the past 12 months. The price has recovered from the annual lows in 2020 at just under $ 5,000 to over $ 40,000.

Is the rally over yet?

While some well-known analysts report that Bitcoin may suffer a setback in the short term, the general consensus is that further parabolic surges will be seen in 2021.

We already reported last week that the analyst PlanB shows in the following tweet that the current Bitcoin price (red line) is very similar to the 2013 Bull Run.

But he’s not the only one who shares this view. The trader „Grain of Salt“ published the following graph which shows that BTC is well on the way to peaking at $ 400,000 by the end of 2021.

In 2021, Bitcoin can repeat 2013. Breaking $ 100K in April, running towards $ 200K (June), 40% regression, dump in summer. Sept to Dec towards $ 400K (peak). 50% retrace in spring 2022 …

History repeats itself

The data aggregator „ecoinmetrics“ has created a model that shows the range of the previous runs after halving. The red line shows the development of the current Bitcoin rate, measured on the days after the Bitcoin halving in 2020.

One can only emphasize again and again how amazing it is that BTC ticks like clockwork and the halving is probably the most important event for Bitcoin.

So far, the cryptocurrency has failed to break the average, but if this model turns out to be correct, we could hit the $ 100,000 mark by April.

Bitcoin moves like it did in 2013

The following graphic shows the share price development in 2013 with the current one. The chart shows that the price is developing astonishingly similar to 2013. That could mean that it might actually be possible to hit a six-figure course level in a few months.

Mark Cuban diz que se candidatará à presidência se a BTC atingir $1M

Como presidente dos Estados Unidos, o proprietário de Dallas Mavericks diz que daria Bitcoin a cada cidadão.

Respondendo a um tweet do bilionário Chamath Palihapitiya, Mark Cuban disse que concorreria como candidato presidencial dos Estados Unidos – sob um conjunto específico de circunstâncias.

„Eu me candidatarei se o BTC chegar a US$ 1 milhão E podemos conseguir compromissos para doar 350 BTC ao Tesouro cada um dos 4 anos para que possamos dar 1 satoshi a cada cidadão a cada ano, que eles devem segurar durante 10 anos“, a estrela do Shark Tank tweetou na terça-feira.

A resposta de Cuba veio depois que Palihapitiya disse que o atual quadro político precisa ser consertado, prevendo „um terceiro partido político viável nos EUA até 2030“. Cubano questionou, posteriormente, todo o conceito de partidos políticos. Por sua vez, Palihapitiya disse que os Estados Unidos provavelmente não precisariam de tais partidos se Cubano se candidatar ao cargo.

Cubano falou várias vezes sobre Bitcoin durante os últimos dois anos. Alguns de seus comentários mais recentes incluem uma postura sobre o ativo como „uma reserva de valor como o ouro que é mais religião do que solução para qualquer problema“ e que „Não importa o quanto os fãs do BTC queiram fingir que é uma cobertura contra cenários catastróficos, não é“.

No cerne, a visão geral do Bitcoin de Cuba não está muito longe da perspectiva da indústria sobre a moeda. Tanto os gurus cubanos quanto os gurus da indústria de criptografia vêem o bem digital como uma reserva de valor semelhante ao ouro. Cubano, no entanto, já solicitou anteriormente uma maior simplicidade para o usuário do bem, bem como tocou em vários outros pontos ao longo dos anos. Em contraste, os gurus da indústria de criptografia vêem o Bitcoin como a solução de uma infinidade de problemas, em vez de simplesmente agir como uma outra loja de valor.

Bitcoin rises R$ 8 thousand in 48 hours and flirts with historical maximum

The general feeling of the market analyzed in social media is considered the most negative of the last two months.

After facing a week of decline and trading below $18,000, Bitcoin has gained strength and valued $1,700 (4.56%) in the last 48 hours. In Brazil the currency is traded in the range of $ 99 thousand.

The Bitcoin’s rise also boosted most of the altcoins, with several followed by the rise, except for the XRP, which is falling, going in the opposite direction of the market.

In the last 24 hours Bitcoin has exceeded the $ 19,000 barrier. At the time this text is written, the digital currency is traded for $19,300.24.

Despite the high, analysts expect that the situation may soon be reversed. The general market sentiment analyzed in social media is considered the most negative of the last two months.

An analysis by Santiment states that „panic sales“ (sales by people afraid of the currency falling further) were „predominant in the market, this happened after the flow in the brokers showed that the whales (big holders of the digital currency) transferred their funds to various exchanges to make profits“.

Therefore, the company concluded that Bitcoin is overvalued, that is, being traded at a price above the real value.

Traders are also expecting a new set of regulations that may soon emerge from the US Treasury Department. This should define where the price of digital currency goes.

Coinbase CEO Brian Armstrong is the one who revealed the rumors of the new rules. He said regulators would „require brokers to verify the recipient/owner of Bitcoin portfolios, collecting identifying information from the current owner and the recipient of any transfer,“ that is, extreme surveillance.

This, while heavy regulation, can be good for Bitcoin in the long run, as the currency is censorship resistant. The problem, however, is that currencies that are in exchanges are likely to be devalued as they are being tracked. One solution would be the use of mixers.

Messari CEO Ryan Selkis has also released information on regulation. He said that „unfortunately, he fears the worst because we live in an authoritarian world, and our 4th Amendment protections have been reduced to the point where they no longer exist.

However, the market is in a dilemma, with several experts saying that the cryptomoeda market needs regulation to thrive more and reach the whole world safely.

Hacker übernehmen Bitcoin Exchange und Miner Domain

Hacker konnten die Domäne eines Krypto-Austauschs übernehmen, der ein tägliches Volumen von rund 270 Millionen US-Dollar verwaltet, indem sie GoDaddy-Mitarbeiter ausgetrickst haben.

„Am 13. November 2020 hat ein Domain-Hosting-Anbieter“ GoDaddy „, der einen unserer Kern-Domain-Namen verwaltet, die Kontrolle über das Konto und die Domain fälschlicherweise an einen böswilligen Akteur übertragen“, sagte Mike Kayamori, CEO von Liquid , bevor er hinzufügte:

„Dies gab dem Schauspieler die Möglichkeit, DNS-Einträge zu ändern und die Kontrolle über eine Reihe interner E-Mail-Konten zu übernehmen. Zu gegebener Zeit konnte der böswillige Akteur unsere Infrastruktur teilweise gefährden und Zugang zum Dokumentenspeicher erhalten. “

Sie sagen, dass die Münzen sicher sind, aber „der böswillige Akteur konnte persönliche Informationen aus unserer Benutzerdatenbank abrufen. Dies kann Daten wie Ihre E-Mail-Adresse, Ihren Namen, Ihre Adresse und Ihr verschlüsseltes Passwort umfassen.

Wir untersuchen weiterhin, ob der böswillige Akteur auch Zugang zu für Bitcoin Hero bereitgestellten persönlichen Dokumenten wie Ausweis, Selfie und Adressnachweis erhalten hat. “

Eines der größten Cloud – Mining – Anbieter, NiceHash auch über die gleiche Art und Weise gemacht, sie sagen :

„Der Domain-Registrar GoDaddy hatte technische Probleme und aufgrund des unbefugten Zugriffs auf die Domain-Einstellungen wurden die DNS-Einträge für die NiceHash.com-Domain geändert.“

Laut NiceHash wurden weder Münzen noch Daten gestohlen, und das Unternehmen behauptete, sie könnten Konten sofort sperren.

Kreb auf Sicherheit sagt „mehrere andere Kryptowährung Plattformen auch von der gleichen Gruppe gezielt wurden, einschließlich Bibox.com, Celsius.network und Wirex.app.“

In einer Antwort auf ihn sagte GoDaddy-Sprecher Dan Race:

„Bei einer routinemäßigen Prüfung der Kontoaktivität wurden potenzielle nicht autorisierte Änderungen an einer kleinen Anzahl von Kundendomänen und / oder Kontoinformationen festgestellt.

Unser Sicherheitsteam untersuchte und bestätigte die Aktivitäten von Bedrohungsakteuren, einschließlich Social Engineering einer begrenzten Anzahl von GoDaddy-Mitarbeitern.

Wir haben die an diesem Vorfall beteiligten Konten sofort gesperrt, alle an den Konten vorgenommenen Änderungen rückgängig gemacht und betroffenen Kunden dabei geholfen, wieder auf ihre Konten zuzugreifen.

Da Bedrohungsakteure bei ihren Angriffen immer raffinierter und aggressiver werden, informieren wir die Mitarbeiter ständig über neue Taktiken, die gegen sie angewendet werden könnten, und ergreifen neue Sicherheitsmaßnahmen, um zukünftige Angriffe zu verhindern. “

Dies macht dies zum ersten Hack seiner Art, bei dem nur Domains anstelle des eigentlichen Hostings übernommen werden, was möglicherweise eine weitaus ernstere Angelegenheit war.

Ethereum 2.0: lack of interest in the project? – Only 10% of the minimum amount deposited at ETH

Ethereum 2.0 is coming! – After years of waiting and hoping to improve the Ethereum Blockchain, the upgrade to Ethereum 2.0 is now just around the corner. The earliest possible time for the 1 phase of the upgrade is December 1st, 2020. However, in order for this to be achieved, a minimum amount of ETH must be stored on the beacon chain.

Now it has been shown, however, that just 10% of the total amount was deposited with ETH. Is there no interest in the project at all or do investors consider the risks too high?

Ethereum 2.0: Only 10% of the minimum amount deposited at ETH

The current status of the Beacon Chain, which will go live on December 1st, 2020 at the earliest, can be viewed on the official Ethereum website .

However, it shows that just 11% of the minimum amount was deposited with ETH.

Ethereum2_0_Beacon Chain Status

Of the required minimum amount of 524.288 ETH, only 61.024 ETH have been deposited at the current time.

In absolute numbers, investors and Ethereum enthusiasts deposited just $ 27.5 million out of a total of $ 240 million.

Let’s remember: 9 days ago the official launch of the Ethereum 2.0 deposit contract took place. There are still 18 days until the earliest possible start.

So now 1/3 of the time, namely 9 of a total of 27 days, has passed.

Ethereum needs more deposited ETH

If the growth were to stay the same, then there would be just another 120,000 ETH in the next 18 days. All in all, on December 1st we would then have a deposited amount of ETH of around 180,000 ETH and thus still well below the required 500,000 ETH.

In addition, when launching a project, one usually observes an extremely strong effect in the initial phase, which decreases over time. Specifically, this means that the amount of ETH stored – as happened in the past with many projects – is particularly high at the beginning.

We also have to consider that the Ethereum developers built some kind of delay into the system. As soon as the minimum amount at ETH has been reached, another 7 days will pass until the official launch of the Beacon Chain.

At the current rate of 60,000 ETH in 9 days, we would need another 40-50 days for the remaining ~ 460,000 ETH. In other words: The Beacon Chain will probably not come until mid to late January 2021.

Staking support for Ethereum 2.0

One reason for the hesitant behavior is probably the lack of staking support without rudimentary coding knowledge.

Potential staking providers like Coinbase will probably wait a few days or even weeks before offering Ethereum 2.0 staking on their platform. Only when the network has been stable for an adequate period of time will the major exchanges enable their customers to stake ETH.

In other words, if you want to do Ethereum staking in the first few weeks, you have to have little coding knowledge. Even if the setup process isn’t overly complicated, it will nonetheless put off many users and investors.

The irreversibility of the transactions is another factor. Anyone who uses their ETH on the Beacon Chain once has no way of going back to “the old Ethereum”.

Benoit Coeure afslører BIS-planen for CBDC-prøve, der starter i 2020

Hvordan tingene har ændret sig siden foråret 2019, da Agustin Carstens, generaldirektør for Bank for International Settlements (BIS), udsendte sin seneste advarsel over behovet for forsigtighed, når man overvejer centralbankens digitale valutaer (CBDC).

Ifølge den kinesiske nyhedskilde The Paper planlægger den samme institution – kaldet centralbanken for centralbanker – sin egen prøveversion af et CBDC i samarbejde med den schweiziske centralbank.

Åbenbaret af Benoit Coeure, leder af BIS Innovation Hub, på Bund-topmødet i Shanghai, 23.-25. Oktober, ville proof-of-concept-initiativet være i gang inden årets udgang og ville åbne en vej til eksperimenter med at se på brug sager til en engros CBDC.

Disse kunne omfatte, hvordan den digitale valuta kan interagere med eksisterende betalingssystemer, en rolle i digital identitet og sporing af økonomisk overholdelse, i henhold til rapporten.

Sådanne brugssager ville kræve mere arbejde med blockchain-teknologien bag CBDC, sagde Coeure.

BIS vil også undersøge, hvordan man kan lette grænseoverskridende betalinger ved hjælp af digital valuta mellem centralbanker, såsom Hong Kong Monetary Authority og Bank of Thailand.

Ifølge Coeure udfører BIS Innovation Center allerede eksperimenter i Singapore, Schweiz og Hongkong og har planer om at udvide arbejdet til Tyskland, Frankrig, Storbritannien, Sverige og Canada.

Kommentarerne fra Coeure, der sad i direktionen for Den Europæiske Centralbank (ECB) indtil sidste år, kommer kort efter, at BIS og syv centralbanker udsendte en rapport, der beskriver de grundlæggende principper for nationale digitale valutaer.

Mens mange centralbanker stadig offentligt siger, at de evaluerer teknologien, ser der ud til at være en generel bevægelse i retning af udrulning af nationale digitale valutaer i de kommende år. Ifølge ledere hos ECB ser en digital euro meget sandsynligt ud, og der planlægges CBDC-forsøg i Rusland, Sydkorea og Japan.

At køre bevægelsen har været People’s Bitcoin Code, som har været i fuld udviklingstilstand i flere år og ser ud til at være i de sidste faser inden en live lancering af en digital yuan.

At slå alle nationer til den sidste stilling var dog Bahamas, som lancerede sin ”sanddollar” CBDC i sidste uge.

Binance creates CNPJ in Brazil and can report all cryptomime transactions to the IRS

Binance enters Brazil for good and creates its own CNPJ, this way it will have to report all the transactions of its Brazilian users to the Federal Revenue Service

Binance, one of the world’s largest exchanges of cryptomorphs, must report all Bitcoin and cryptomorph transactions of its Brazilian users to the Brazilian IRS.

This way, as well as the other national exchanges, Binance, which now has a CNPJ in Brazil, would be complying with the determinations of the Instrução Normativa 1888 (IN1888).

Data from the IRS show that Binance officially registered in Brazil with CNPJ 37.512.394/0001-77 under the name of B Fintech Servicos de Tecnologia LTDA.

On the board of partners and administrators counts the name of Mauricio Machado as administrator and the founder of Binance, Changpeng Zhao (CZ) as an individual resident abroad.

However, the company did not use its own CNAE for cryptomaniac companies, which is 6619-3/99, but sought registration under code 74.90-1-04 – Intermediation and agency activities of services and business in general, except real estate.

Binance

Thus, with its own CNPJ in Brazil, Binance would be obliged to comply with the Federal Revenue and report all transactions of its Brazilian users to act.

Aware of this, according to Ana Paula Rabello, lawyer and specialist in crypto, Binance would already be preparing its system to comply with the determinations of the IRS.

„In an exclusive conversation with the representative of Capitual in Brazil, Mr. Gustavo Rezende informed me that Binance would be adapting the IT sector to meet KYC in Brazil, and that all Brazilian customers will be reported, not only those who will operate in reais from now on (…) Binance in Brazil, registered under CNPJ 37.512.394/0001-77, will issue an official statement on this matter,“ he stated in his blog.

According to Rabello, the representative of Capitual, it would not be a choice of Binance to report or not data from its users to the IRS but a duty of the company when offering services in Brazil.

„There will be reporting to revenue, yes. We followed the community and we saw many people saying no, that IN does not cover Binance because it is abroad, but it is in Binance’s interest to officially offer several of its services in Brazil, so certainly there will be the report, starting this month. As we know, IN is not something you negotiate, you just comply“ said the company’s representative.

Normative Instruction

However, although Binance can now report 100% of its Brazilian users‘ transactions to the IRS, the fact is that the exchange was already subject to the regulator.

As the company offers its services to clients residing in Brazil, it is already obliged to comply with the IN 1888 determinations in the case of users who moved more than R$ 35 thousand per month.

In these cases she must inform the Federal Revenue about the transactions of these users.

It would therefore be nothing new for Binance to comply with the Federal Revenue Service’s stipulations as it is already obliged to do so.

„The Capitual will not do the reporting, since the IN requires that transfers involving cryptomoedas (in at least one of the parties) be reported, and the Capitual, by only processing the transactions in reais, does not have access to this data. The report will be made by an office representing Binance in Brazil, which has a CNPJ and access to the e-CAC of the RFB,“ said Gustavo Rezende of Capitual.

Binance and Capitual

At the beginning of September Binance announced a partnership with Capitual to allow Brazilian clients to deposit reais on the exchange.

According to the official blog of the brokerage house, customers who want to make real deposits need to complete the identity verification of the platform to unlock the function.

Then, in the deposits section of Binance, they must choose the bank transfer option to create a payment order that remains valid for 72 hours, later completing the operation through internet banking or the banking application of any Brazilian bank direct from the mobile phone.

The amount transferred must be exactly the same as the order, otherwise the values will be returned.

Once the deposit has been confirmed, Binance customers will be able to buy cryptomotes using their real funds. For now, BRL/BTC and BRL/USDT pairs are available, but the exchange promises to expand the offer soon.