Brazil
🙈 Brazil 🇧🇷: Congress creates a “Parliamentary Front Against Gambling” Paid Members Public
🙈 Brazil 🇧🇷: Congress creates a “Parliamentary Front Against Gambling” The Chamber of Deputies has launched a new legislative initiative. The main goal of the group is to increase oversight, raise public awareness, and set limits on the expansion of the gambling industry in the country. 🤩 One of the arguments presented is
⛔️ Brazil 🇧🇷: Banks and payment platforms must reject accounts of unlicensed betting operators Paid Members Public
⛔️ Brazil 🇧🇷: Banks and payment platforms must reject accounts of unlicensed betting operators A new regulation from the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance sets a 24-hour deadline for financial entities to report any "suspicious activity" to the regulator. 🟰 The measure prohibits the opening
📣 Brazil 🇧🇷: regulator proposes that fintechs report transaction costs Paid Members Public
📣 Brazil 🇧🇷: regulator proposes that fintechs report transaction costs The proposal aims to monitor money flows involved in illicit activities, particularly on payment platforms. The Ministry of Finance is the main driver behind this initiative. ➡️ Focus on the Pix System: The monitoring will target payments made through the Pix instant transfer
🤓 Brazil🇧🇷: New security standards for transactions with #Pix Paid Members Public
🤓 Brazil🇧🇷: New security standards for transactions with #Pix People and companies with irregular status with the Tax Agency (IRS) will no longer be able to use the instant payment system. The issue is not the fiscal debt, but the user identification. ▶️ Previously: Financial institutions only needed to verify that the
📢 Brazil🇧🇷: In 2024, 97% of betting transactions were made via #Pix Paid Members Public
📢 Brazil🇧🇷: In 2024, 97% of betting transactions were made via #Pix A study by fintech Pay4Fun found that Pix, Brazil’s instant payment system, was the most used method for transactions in betting platforms. Far behind were e-wallets (1.47%), bank transfers (1.36%), and the boleto (0.45%), a
🎉 Brazil🇧🇷: Mexican Platform Belvo🇲🇽 Launches Biometric Pix Paid Members Public
🎉 Brazil🇧🇷: Mexican Platform Belvo🇲🇽 Launches Biometric Pix The Mexican open banking leader expands its presence in Brazil, betting on optimizing the #Pix instant payments system. 🟢 Launched on February 28, Biometric Pix enables users to authorize transactions through biometric authenticationor fingerprint scanning, eliminating the need for passwords or banking app access.
🙈 Brazil🇧🇷: More than 80% of Illegal Betting Platforms Are Still Operating Paid Members Public
🙈 Brazil🇧🇷: More than 80% of Illegal Betting Platforms Are Still Operating As expected, Brazil continues to be a hotspot for illegal betting. ➡️ Context: Last year, the Secretariat of Prizes and Bets (SPA) from the Ministry of Finance attempted to block 7,599 illegal betting sites, but most are still active,
🇧🇷 🤬 Brazil: Government Proposes Taxing Betting Bonuses, Causing Outrage in the Industry Paid Members Public
🇧🇷 🤬 Brazil: Government Proposes Taxing Betting Bonuses, Causing Outrage in the Industry The Federal Ministry of Finance has proposed including betting bonuses in the calculation base for GGR (Net Betting Revenue), meaning they would be taxed as part of the platform's income. It’s important to remember that Brazil