Also Interesting
Rio de Janeiro: Bitcoin to be used for real estate in Brazil
Who remembered when China banned crypto mining? Seems like a very long time ago. While it was a hard pill to swallow for crypto adoption and the price of Bitcoin, the level of adoption we have seen ever since that move was made is one reason why China’s crackdown on crypto has been more of a blessing. One of those countries that have brought its A-game to cryptocurrencies is Brazil.
Brazil is not new to cryptocurrencies. The country has been in the headlines for a myriad of reasons. First, it was the second country in the world to approve Bitcoin ETFs; then, crypto started booming in the country after a series of currency devaluations and inflation dealt harshly with Brazilians. In its little stint in Brazil, a Ponzi scheme involving cryptocurrencies has also robbed people to the tune of millions of dollars. There seems to be a never-ending news
cycle about cryptocurrencies in the south-American country.
This previous week, Brazil made the headlines again. This time, the government decided it was high time they started including the option for bitcoin payment in their real estate tax system. This taxation system will first kick off in the country’s second largest city, Río de Janeiro, and over time, will extend to other parts of the country. It will be a comprehensive project, perhaps, one of the most comprehensive projects ever undertaken by the Brazilian government regarding any financial innovation, but this start is commendable.
In response to this development, Changpeng Zhao (fondly called CZ), the CEO of Binance, announced that they are setting up offices around Rio Janeiro. According to him, the mayor has played his role, and it is left to the cryptocurrency exchange giant to play hers.
Brazil’s crypto adoption over the years
Contradictions are a necessity when it comes to Brazil. The country has both the highest GDP per capita and the largest population in Latin America, yet around a quarter of the population lives below the poverty line. The minimum wage ranks in the bottom half of minimum wages around the world.
In another aspect of Brazilian contradiction, despite the government’s effort to regulate the activities of cryptocurrency and crypto exchanges in Brazil, the country ranks high amongst the countries with crypto usage, with the average crypto ownership being around two cryptocurrencies.
The minimum wage in Brazil is very low and over two-quarters of crypto users in Brazil earn just around or below the minimum wage, which means that many people are earning crypto instead. It’s also interesting to note how much more volume Bitcoin trades compared with gold- but this could just mean one thing: The future of cryptocurrency might be located there.
When will these crypto / real estate laws be enacted?
The timeframe for implementing these crypto taxes is around 2023, as reported by the economic development secretary. How the taxation will be carried out is still unclear, but several pieces of evidence suggest that the role of exchanges will be paramount in converting these crypto payments into fiat currencies, giving the government the chance to earn in full.
This way, the government is accepting cryptocurrencies as legal tender while also positioning itself for the new wave of the financial revolution. Real estate taxes will not be the end of crypto usage, as the government is looking for a workable plan to aid public transportation using cryptocurrencies. Tourism and cultural integration are two other aspects being considered, and this would most likely bring NFTs to the open.
According to the information obtained, this initiative will start in Río de Janeiro, since it is one of Brazil’s largest cities. Over time, it will extend to other cities in the country, treading carefully with the success and mistakes of the first mover, Rio.
What the future holds
The race in Latin America is heating and heating fast. The largest crypto exchange, Mercado Bitcoin, is moving to preserve its share of the crypto market in Brazil, as new entrants like Binance offer direct competition. According to Binance’s CEO, Brazil marks a strategic milestone in the company’s development, and the number of job openings in the country suggests they are in for the long haul.
Another crypto exchange that is positioning itself in Brazil is Crypto.com, looking to replicate success from the Asian space; Crypto.com is increasing its local presence and effecting integration that will make a crypto purchase via fiat very
seamlessly.
While the majority of crypto wars going on in Brazil involve exchanges, Social media giant Meta made attempts towards registering with the Brazilian government in January. The plan from Meta is geared towards designing hardware devices for bitcoin services, as the company is strongly looking towards positioning itself for the Metaverse evolution.
Conclusion
Cryptocurrency is on the rise, and Brazil may become a global leader in crypto exchanges. Already, Latin America is proving to be a hub for cryptocurrency activity. With interest in cryptocurrency growing worldwide, it’s likely that more exchanges like European exchange, Redot.com, will emerge in Latin America–making this region an important player in the global crypto market.
Just a quick question, if you don’t mind, Have you traded cryptocurrencies on LATAM-based exchanges? How do you think they compare to other exchanges? Someone here might need your answer, so keep them coming.
Also Interesting
How to Streamline Your Car Sales in Toronto? The Pointer for Car Sellers
Many car owners doubt whether selling their property is worth the hassle they may face during sales. That’s reasonable because a car is not a small item, and you probably spent much on its purchase at some point and regularly invested in it to maintain it in good condition. Then, selling it for pennies is not your choice.
We went ahead and contacted Topcashforcars.ca, a company that is reputed for giving the highest cash prices for cars in Toronto. Their approach is straightforward and reduces hassle for sellers who want to sell their vehicles profitably without the complexities of dealing with customers.
Choosing the Right Counterparty Is a Key to Success
First, have you already decided where and to whom you can sell a vehicle? That’s your #1 thing to do. Typically, the choice is either selling autos to individuals who want to buy a second-market car to save some dollars or to specialized companies engaged in car buying. These companies are diverse enough and they often offer good conditions for a seller although their pricing is diverse too.
How can you get in touch with such buyers?
- For individuals who buy second-hand vehicles, you can search on big Canadian bulletin boards online and sometimes, on social networks.
- For the companies to deal with, Google is your best friend to ask for help. However, our consultants, Topcashforcars.ca also are among these buyers, so you can make it even easier and apply to them.
What is more beneficial for a car seller at this stage? We can surely say that dealing with car-buying companies considerably saves you time. The whole negotiation process can take a couple of hours, so you won’t wait long and remain under pressure of uncertainty.
Making It Lighting-Fast Is Possible
The previous tip leads to another one: you can sell a car in a lighting-fast mode. Just do some easy preps like its examination at the service station to consider what price can you claim for it and clean it up. This takes no more than a day if you have a good service station in your neighborhood and it helps clearly understand the price and the condition of your car.
Then, you can ensure you set a real price by using special online calculators provided by the same car-buying companies. It may take just a couple of minutes and you’ll get a precise calculation based on your vehicle’s type, age, model, condition, and specific features.
Getting Cash Instead of Bank Transfers or Checks Is Faster
One more thing you can do to sell your auto as fast as possible is to sell it for cash. Bank operations often take additional days to be processed. Thus, even if you are lucky enough to get in touch with a good buyer quickly, and even if you conclude a deal in a day or two, it’s not guaranteed that you get money to your bank account similarly quickly. Applying for cash transactions you avoid troubles with banks and extra commissions for the transaction too.
As you can see, selling a vehicle can be eating pears for you if you plan your sale and follow the tips we shared in this article.
If followed, these recommendations can allow you to easily sell your car and make a handsome return in the process. It is even more rewarding because time and energy has become invaluable and cash for cars, Toronto based companies and specifically Topcashforcars.ca, will ensure the vehicle is sold for the best price with little input from the owner. When selling a car, it is ideal to do enough research, plan and choose the right buyers so that the car selling process is fast and efficient.
Also Interesting
New frontiers in prostate cancer treatment with Actinium-225
Prostate cancer is one of the most widespread malignant tumors in men. The pathology is successfully
treated in the first three stages, when the tumor can be removed or destroyed by radiation, but the disease at the metastatic stage becomes incurable. Surgery is usually not performed in such patients, and the main methods of treatment are hormonal and chemotherapy.
At a certain point this treatment stops working. 177Lu-PSMA-617 – Lutetium radiotargeted therapy,
becomes the next stage of treatment. A less common method of radiotargeted therapy is the treatment of prostate cancer with Actinium-225. It allows for a good outcome even in patients who have not responded to Lutetium therapy. In addition, the possibility of combined use of Actinium and Lutetium as part of tandem therapy is being investigated.
Principle of the method
Prostate cancer cells express a protein called prostate-specific membrane antigen (PSMA), which is not found in other tissues. PSMA is a target for the radiopharmaceutical. Once injected into the body, the drug accumulates only in tissues with high levels of PSMA because it binds to this protein. This results in a selective effect on the tumor and its metastases with minimal side effects.
Various radionuclides can be attached to ligands that target PSMA. The first such radionuclide was
Lutetium-177, which was synthesized in Germany in 2010, and its efficacy was first confirmed in trials in 2015. The good results were subsequently confirmed in a large study involving 13 university hospitals in Germany.
In recent years, Actinium-225 has been used instead of Lutetium. It destroys cancer cells with alpha
radiation.
Advantages and disadvantages of Actinium-225
Lutetium-177 is still considered the mainstay of radiotargeted therapy for castration-resistant prostate
cancer. However, Actinium is also used in certain situations, usually in patients with advanced cancer who have not responded to Lutetium treatment or when the efficacy of 177Lu-PSMA-617 has decreased after several courses (cancer progression has resumed).
Advantages of Actinium-225 over Lutetium-177:
● More pronounced effect due to alpha radiation causing double-strand breaks in DNA strands
● Less toxic effect on bone marrow and hematopoietic function due to shorter recovery time
● Works even in cases where the cancer is progressing against the background of Lutetium therapy
However, it is worth considering the disadvantages of this method:
● Limited evidence base compared to Lutetium
● Higher incidence of side effects, especially dry mouth
Who is a candidate for Actinium therapy
Radiotargeted therapy with Actinium is considered a novel treatment. The technique is indicated for
patients with metastatic castration-resistant prostate cancer (MCRPC) who:
● Have received Lutetium radiotargeted therapy but have not responded to it
● Have responded to Lutetium radiotargeted therapy, but have stopped responding after several
courses of treatment
● As part of tandem therapy: when Actinium and Lutetium are used in reduced doses
In summary, Actinium therapy is one of the last treatment options. It is used when chemotherapy, hormone therapy, radiotargeted therapy with Lutetium, and possibly targeted therapy (in the case of BRCA mutations, which occur in 28% of patients with metastatic prostate cancer) have already been tried. In addition, the choice of treatment tactics takes into account the location of the metastases. In the presence of predominantly bone metastases and pain syndrome, radionuclide therapy with Radium-223 is preferred, and in the presence of predominantly organ metastases, radiotargeted therapy with Lutetium or Actinium is performed.
If you want to undergo innovative treatment in Germany, visit Booking Health website. Our team will find a clinic for you and organize your trip.
-
Brownstone Institute2 days ago
The Most Devastating Report So Far
-
Business2 days ago
Carbon tax bureaucracy costs taxpayers $800 million
-
ESG2 days ago
Can’t afford Rent? Groceries for your kids? Trudeau says suck it up and pay the tax!
-
John Stossel2 days ago
Green Energy Needs Minerals, Yet America Blocks New Mines
-
Daily Caller2 days ago
Los Angeles Passes ‘Sanctuary City’ Ordinance In Wake Of Trump’s Deportation Plan
-
Alberta2 days ago
Province considering new Red Deer River reservoir east of Red Deer
-
Addictions1 day ago
BC Addictions Expert Questions Ties Between Safer Supply Advocates and For-Profit Companies
-
Aristotle Foundation1 day ago
Toronto cancels history, again: The irony and injustice of renaming Yonge-Dundas Square to Sankofa Square