Crypto News From Brazil: Week in Review

gepubliceerd op by Cointele | gepubliceerd op

Last week, Brazilian authorities took regulatory action against crypto-related businesses and several alleged cryptocurrency scams.

Police search Grupo Bitcoin Banco with alleged excessive force.

The Military Police of Paraná served a warrant and subsequently searched the offices of crypto trading and investment platform Grupo Bitcoin Banco in downtown Curitiba.

Brazilian police arrested alleged Ponzi schemer Marcel Mafra Bicalho at a luxury resort in Arraial d'Ajuda in the district of Porto Seguro.

Bicalho was arrested on charges of operating a cryptocurrency investment scheme that may have affected as many as 5,000 Brazilians.

The Securities and Exchange Commission of Brazil has expanded its investigations of cryptocurrency investment schemes that guarantee a fixed rate of profitability.

Celebrities promote alleged Bitcoin-related Ponzi scheme.

Several Brazilian celebrities including retired mixed martial artist Antônio Rodrigo Nogueira - also known as "The Minotaur" - helped promote a purported Bitcoin-based Ponzi scheme called Wish Money.

The scheme offers dubious investment packages employing a variety of multi-level marketing tactics.

Wish Money has not released any technical documents to support its claims or its goals and is also not registered with the CVM, which has already received multiple complaints regarding the scheme.

x