The proceedings are part of a large-scale investigation, which aims to clarify facts of tax evasion and money laundering perpetrated between 2017 and 2021 with cryptocurrencies.
- Federal Police of Brazil allanó las oficinas de seis exchanges cripto
- The procedure is associated with the Operation Colossus
- The investigation provides for the execution of 101 orders issued by a court
- Irregular acts with cryptocurrencies perpetrated between 2017 and 2021 are being investigated.
Recently published reports reveal that the Federal Police of Brazil conducted raids on six crypto exchanges operating in the country as part of an ongoing investigation into possible tax evasion and money laundering.
According to a report published by the media CoinDesk, the measure to be part of a large-scale operation being carried out by the Federal Police in conjunction with the Brazilian prosecutorial authority, which provides for the execution of some 101 warrants issued by a criminal court in São Paulo. The official documents of the case indicate that within the proceedings there would be about 37 scheduled raids, as well as a couple of arrest warrants for some of those involved.
Although the procedure refers to the raid on the offices of six exchanges in the country, it is known that authorities seized an undisclosed amount in cryptocurrencies, assets that were hosted on at least some 28 unidentified trading platforms.
The process is part of the Operation Colossus which investigates financial crimes associated with the use of cryptocurrencies perpetrated between 2017 and 2021. The case documents indicate that Brazil’s Financial Intelligence found suspicious banking activity linking certain local exchanges, which is why the investigation extends to a large number of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. trading platforms.
Brazil and cryptocurrencies
These new facts associated with the ongoing investigation come amidst the commercial boom that cryptocurrencies are experiencing in the South American country, which is considered by many to be one of the central hubs for the regional market.
As investigations against illicit financial crimes continue, the country is seeing more and more opportunities for its residents to trade cryptocurrencies with Brazilian reals. Recently, the payment system Pix was integrated within the web browser wallet a place where cryptocurrency users can store, send and receive digital assets. Metamask an online digital wallet that allows users to manage, transfer and receive Ethereum, operating as an extension to a regular browser. , which now allows direct purchase of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies for all users.
A report published at the beginning of the month revealed that the South American country has broken record cryptoasset a cryptoasset is any digital asset that uses cryptographic technologies to maintain its operation as a currency or decentralized application. purchases this year In May, a record amount of more than USD $912 million was disbursed globally for this purpose through the main exchanges.
In addition, the country is already working on a prototype for the creation of a CBDC, which is likely to be ready for its first tests during the second quarter of 2023.
- Bybit temporarily suspends crypto futures a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. and options trading in Brazil over disagreements with CVM
- Brazil: MetaMask Wallet Now Allows Buying Cryptocurrencies with Reais
- Brazilians break their own record: they buy almost USD $ 1 billion in cryptocurrencies in a month
Article by Angel Di Matteo / DiarioBitcoin
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