Brazil Crypto Report – Details, episodes & analysis

Today Aaron talks to Emin Gün Sirer — CEO of Ava Labs, a former computer science professor at Cornell University and the mastermind behind the Avalanche blockchain.

We discuss how Avalanche's deployment of subnets offers an alternative to the ongoing modular versus monolithic debate, recent successes on the gaming and tokenization fronts, and the Avalanche community’s strategic focus on emerging markets — evidenced by its recent summit in Buenos Aires.

We also talk about Gün’s front-row seat involvement in crypto dating back to the early days of bitcoin, the 2016 DAO hack and now deploying his own alternative Layer 1 chain.

You can follow Gün on X/Twitter and Linkedin

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LIT Collective is the ultimate creative and design studio for Web3 companies.

Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.

Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.

Check out their website, follow them on X/Twitter and Instagram, and book a free ⁠⁠consultation⁠⁠ to learn about how LIT Collective can help you with your creative needs.

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Tatiana Guazzelli is a partner at Pinheiro Neto Advogados, which is one of Brazil’s largest and most prominent law firms and represents some of the top crypto companies operating in the country.

Tatiana provides important perspective on the many simultaneous movements happening with regard to crypto regulation in Brazil

These developments include:

• The Central Bank's proposed licensing structure, which includes a three-tiered licensing system for crypto service providers: intermediaries, custodians, and brokers

• Asset segregation legislation advancing through Congress that would enable the Central Bank to require exchanges to separate customer assets as part of its licensing regime.

• The Receita Federal is overhauling its tax reporting requirements for crypto assets

• The CVM is expected to issue a public consultation regarding rules for tokenized securities offerings

• The Central Bank will a separate public consultation in 2025 focused on stablecoin regulation

You can connect with Tatiana on Linkedin

---------------------------------------------------------------

LIT Collective is the ultimate creative and design studio for Web3 companies.

Based in Brazil and serving the globe, they’ve helped more than 100 brands with user-centric branding, UX/UI design, motion, Webflow development and other creative needs.

Their experienced team will walk you through the complexities and nuances of Web3-native design and branding — helping you to grow faster, gain credibility and build brand awareness.

Check out their website, follow them on X/Twitter and Instagram, and book a free ⁠consultation⁠ to learn about how LIT Collective can help you with your creative needs.

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🚀 Sign up for the 🇧🇷Brazil Crypto Report newsletter for analysis, interviews and market intelligence

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Today Aaron speaks with Guillherme Goncalves and Alessandro Cecere of El Dorado, which is a peer-to-peer marketplace for stablecoins that has more than 250,000 users in Latin America and more than 70 integrations with traditional payment channels in the region

We talk about the history of crypto adoption in Venezuela, the role of peer-to-peer marketplaces, and why stablecoins are critical for remittances and cross-border payments in the region

You can connect with Guillermo and Alessandro on Linkedin

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Karen Duque is head of public policy at Bitso Brasil and previously worked on Brazil policy at Google and Didi, a rideshare company. Julien Dutra is head of government relations at 2TM/Mercado Bitcoin. Before joining in January 2022, he led Brazil government affairs for Experian. 

Both are seasoned tech policy professionals in Brasília and were critical in the successful effort to pass crypto legislation in late 2022. Once fully implemented, this new law should establish Brazil as a world leader in crypto regulation. 

In this joint interview, Karen and Julien give us a behind the scenes look at the law itself, the drama and theatrics surrounding its passage and the next steps in implementing the law and establishing a licensing framework for cryptocurrency businesses in the country.

Please follow and subscribe to Brazil Crypto Report on Substack for more news, analysis and interviews examining the Brazil crypto ecosystem.

You can follow both Karen and Julien on Linkedin

Axel Blikstad is a founding partner at BLP Crypto and a two-decade veteran of traditional finance with stints at BTG Pactual, Santander, Banco Garantia and ABN Amro. BLP Crypto is Brazil's oldest crypto fund manager, having launched its first fund in December 2017. In this episode we discuss the ramifications of the FTX collapse on the Brazil crypto ecosystem and how he was able to liquidate his FTT position before the collapse. 

Follow Axel on Linkedin and Twitter 

Please follow and subscribe to Brazil Crypto Report on Substack for more news, analysis and interviews examining the Brazil crypto ecosystem.

Andre Franco is the head of research at Mercado Bitcoin and the host of the Francamente Crypto podcast. In this episode we examine how the collapse of FTX impacts Brazil's emerging crypto scene. We look explore the ramifications for retail and institutional investors, prospects for regulation and what it will take to rebuild trust among users. We also explore what this means for the broader crypto market, including decentralized finance as a potential solution to centralized exchange model. 

Follow Andre on social media

Please follow and subscribe to Brazil Crypto Report on Substack for more news, analysis and interviews examining the Brazil crypto ecosystem.

Isac is a technologist, lawyer, professor and a frequently-cited commenter on questions of crypto regulation in Brazil. He is also a former CVM staffer and advisor so has a great understanding of how things work inside the agency.

In this episode we discuss:

• the core tenets of the guidance - what it does and does not clarify
• why the CVM chose to release this opinion now
• the differences between the CVM and the US SEC with regards to how enforcement cases are raised
• how guidance leaves the door open for “utility” or “network” tokens that don’t promise any specific rights to equity or cash flow but rather participatory rights in a decentralized network
• what the opinion means for the “fixed-income” tokens being issued by the likes of Mercado Bitcoin and others
• the outlook for crypto legislation being approved by the Brazilian Congress this year

If you find this conversation useful, I highly recommend listening to my original podcast with Isac from July where we dive deep into the crypto legislation that is working its way through the Brazilian Congress.

Please follow and subscribe to Brazil Crypto Report on Substack for more news, analysis and interviews examining the Brazil crypto ecosystem.

Marcello Mari is the CEO of SingularityDAO, which is a noncustodial onchain asset management platform that incorporates artificial intelligence tools for decentralized finance.

We discuss how SingularityDAO built off of the success of early-generation projects like SingularityNet and how Brazil has become to SingularityDAO’s most vibrant community. The project’s native token has surged to become the tenth most popular coin in Brazil, per CoinGecko. We also geek out a bit chatting about artificial intelligence and synthetic media, and we speculate about when we will reach the Singularity (the moment when machines become smarter than humans).

Please follow and subscribe to Brazil Crypto Report on Substack for more news, analysis and interviews examining the Brazil crypto ecosystem.

Garrett Kinsman is the co-founder of Nodle, a decentralized network powered by millions of smartphones built to power the Internet of Things. Nodle's "connect-to-earn" platform allows users to earn NODL tokens simply by downloading and running the Nodle app on a smartphone. I caught up with Garrett at the Blockchain Rio Festival last month to discuss more about this exciting platform and why his team is making a big push to onboard new users in Brazil. 

Learn more about Nodle at www.nodle.com, follow @NodleNetwork and @NodleBR on Twitter, and download the Nodle Cash app in Google Play or the App Store

Please follow and subscribe to Brazil Crypto Report on Substack for more news, analysis and interviews examining the Brazil crypto ecosystem.

This week I’m trying out a new podcast format in which I bring on a guest to discuss and analyze the biggest crypto news developments in the region. This will be an ongoing experiment as I attempt to cover more crypto news across the Latam beyond Brazil.

This week, my guest is Andres Engler, who is the Latin America Editor at CoinDesk and is based in Argentina. In this week’s episode we talk through the following news events and articles from the last 1-2 weeks. 

• Crypto Loans Are Booming in Latin America Amid Runaway Bank Rates and Inflation (CoinDesk)
• The 500 Most Influential People in Latin America (Bloomberg Linea)
• Brazil’s Securities Regulator Probes Crypto Exchange Mercado Bitcoin on Token Issuance (CoinDesk)
• Crypto Exchange Bybit Halts Derivatives Trading in Brazil After Exchange Commission Ban (CoinDesk)
• Strike CEO: El Salvador’s Bitcoin Experience ‘Doesn’t Hurt My Company at All’ (CoinDesk)
• Crypto Exchange Huobi Global Enables Cryptocurrency Purchases With Fiat in Latin America (CoinDesk)
• Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s (CoinDesk)
• Paraguay’s President Vetoes Bill That Would Regulate Crypto Mining and Trading (CoinDesk)
• Digital Wallet Provider MetaMask Allows Crypto Purchases With Brazilian Reals (CoinDesk)
• El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks (CoinDesk)