Brazilian Federal Police raids 6 crypto exchanges; & more!

Connecting the dots in FinTech... by Marcel van Oost

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NEWS HIGHLIGHT

Brazilian Federal Police raids 6 crypto exchanges in an investigation into tax evasion and money laundering involving the use of cryptocurrencies. The names of the companies involved were not disclosed. The Federal Police is carrying out 101 warrants issued by a criminal court in São Paulo, according to an official police report. They include two arrest warrants and 37 search and seizure warrants. Link here.

FINTECH NEWS

#NFTS

hi launches world’s 1st NFT Customizable Card with Mastercard. Cardholders will be able to personalize the face of their card with an NFT avatar they verifiably own, and spend at more than 90m locations. Link here

#Crypto

1 million Aussies will enter crypto over the next 12 months. The survey questioned 2,609 Australians over 18 years of age in early July, with 548 of the survey sample identified as current holders of cryptocurrency. Link here