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.

Todayville Content Team

www.todayville.com/

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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The bizarre story of Taro Tsujimoto

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The bizarre story of Taro Tsujimoto

Published on March 28, 2025

Todayville Content Team

The National Hockey League (NHL) has seen its fair share of strange moments, but few compare to the bizarre and hilarious tale of Taro Tsujimoto, a player who never existed. His “selection” in the 1974 NHL Draft remains one of the most legendary pranks in hockey history. If you want to wager on actual players, making the 1xBet app download is definitely a great idea.

In the 1970s, the NHL Draft was a much less glamorous event than today. It was a tedious process conducted over the phone, with teams calling in their picks. The 3 biggest highlights of what happened during that year’s draft were:

the draft dragged on for hours;
there were multiple rounds and teams selecting unknown prospects from obscure leagues;
frustrated with the monotony, Buffalo Sabres general manager Punch Imlach decided to have a little fun.

As the 11th round approached, Imlach instructed his team’s representative to draft Taro Tsujimoto, a supposed forward from the Tokyo Katanas of the Japan Ice Hockey League. The name sounded authentic enough. The league officials, unfamiliar with Japanese hockey, accepted the pick without question. By downloading the 1xBet app you will also be able to wager on great NHL teams too.

A small problem

There was a small problem with all of this, as 2 things didn’t exist: Tsujimoto and the Tokyo Katanas. Imlach had completely fabricated the player as a joke, taking advantage of the NHL’s lack of verification. When it comes to NHL wagers, there is no better platform than the 1xBet Canada site.

For weeks, the league listed Tsujimoto as an official draft pick, and even some newspapers reported on Buffalo’s mysterious new Japanese prospect. Eventually, the Sabres admitted the hoax, and the NHL was forced to retroactively erase the selection from its records.

Despite being a fictional player, Taro Tsujimoto took on a life of his own. Buffalo Sabres fans embraced the prank, and over the years, his name has become a cult legend in hockey culture. Some fans even wore jerseys with “Tsujimoto” on the back. The joke persisted so much that when EA Sports released NHL video games, players could occasionally find Tsujimoto in the game’s draft pool as a hidden Easter egg.

More than just a prank, the story of Taro Tsujimoto highlights 2 things: the quirks of old-school sports management and the creativity of one of hockey’s most colorful executives. Today, with the draft process being highly scrutinized and broadcast live, such a prank would be impossible. But Tsujimoto’s legacy lives on as one of hockey’s greatest inside jokes. What is not a joke are the great rewards that a platform like the Canadian 1xBet site can give you.

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60% of Canadians gamble each month – why the industry is going from strength to strength

Published on March 26, 2025

Todayville Content Team

When it comes to regulating gambling, Canada has a somewhat relaxed approach. The Canadian Gaming Association oversees the industry, but it’s up to individual provinces to enact and enforce any laws relating to online casino gaming, sports betting, traditional casino gaming, and other forms of gambling.

Canada’s online casino gaming laws are not totally clear, but individual provinces are starting to put this right. Ontario was the first and did so when it launched its own regulated igaming market in April 2022. Now some other provinces have followed suit, creating a safer igaming environment for players in those provinces. Below is a look at gambling in Canada compared to other parts of the world, at gaming laws in Alberta compared to other provinces, and at the future of the Canadian, US, and UK gambling industries.

Canada: a forever love of gambling

Gambling in some form or other has always been popular in Canada. Way back in the 1990s, research found six in ten Canadians (60%) gambled every month. Additionally, four in ten (43%) spent between 1 and 20 Canadian dollars on gambling. Fast forward to today and the Canadian gambling market is worth 14.2 billion US dollars as of January 2024, according to data on the website of consumer and market data company Statista.

It seems Canada enjoys wagering just as much as two other countries that love a gamble: the US and the UK. Data on the Statista website shows that 49% of US adults took part in gambling activities in 2023. Fifty-six percent said their attitude towards gambling had relaxed, compared to the 50% of 2019.

The UK returned similar stats for the same year. Forty-eight percent of adults reported engaging in gambling activity. Online casinos generated the most gross gambling yield in 2023, but it was the nation’s National Lottery that people played the most.

Alberta: following Ontario’s lead

The regulatory developments in Ontario have triggered movement in Alberta. In May 2024, Bill 16, the Red Tape Reduction Amendment Act, made it through the process and later received Royal Assent to become law. The act removes the monopoly of gaming by a single government entity and will allow private operators, licensed by Alberta’s provincial regulator, to provide online gaming services in Alberta, meaning players will have a choice of more than one Alberta online casino to play at.

The regulation transforms Alberta into one of the more liberal provinces when it comes to online gambling, others being Quebec, Ontario, and British Columbia.

Several provinces, such as Novia Scotia and Northwest Territories, have no provincially regulated online gaming sites. Some also restrict betting on horse racing and/or other types of sports betting, obliging citizens to use international betting sites for freedom from caps and betting on as many events as they wish.

What lies ahead for the Canadian, US, and UK gambling industries?

Canada’s appetite for gambling is clear, and the industry’s online sector is beginning to thrive. Ontario has enjoyed vast success by creating its own regulated market, one which, in just its first year, saw Canadians place billions in wagers and the industry itself generate more than a billion in total gaming revenue.

Canada can expect to see other provinces follow Ontario’s lead and allow private operators to provide services in the province under license. The purpose of the regulation is player protection. Any province that develops a regulated market will focus on this, so there will also be regulations around the advertising of gambling services.

The US

Gambling online is the future for the US, too, although states are slow to legalize it. As of September 2024, 38 states had legalized sports betting, following the US Supreme Court’s ruling that states could regulate sports gambling directly.

Despite allowing sports betting, some states only permit in-person betting, and only a few states allow online casino gaming. Operators believe online casino gaming is the future of gambling.

The UK

In the UK, the use of artificial intelligence (AI) will get bigger and bigger. Companies have realized AI can enhance players’ experience and are embracing it more and more. For instance, sports betting websites can use it to crunch data and provide iGamers with stats and other data to make better betting decisions. They’re also understanding they can use AI to prioritize content players are likely to be interested in and to personalize their offerings and services to players’ preferences.

Canada enjoys gambling as much as America and the UK. Although laws around igaming are more of a grey area in Canada, some provinces are clearing the issue up by creating regulated markets and experiencing great success. As time goes by, more are sure to follow.