Brazilian exchanges hit all-time volume high in October

[Possum577]

Great for Brazil!

I wonder if there will be a boom in activity and "bitcoin accepted here" signs leading up to the Olympics next summer. Anyone know?

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[knowhow]

Im from Brazil i dont use exchanges there is some members here buying our coin,can be a small or a high ammount just need to let know before and trust on the person.I had sold my bitcoins for a 30 dollars fee everytime i buy or sell it to him,soo its a 10% im sure he trades bitcoin and buy and sell at some exchange but he can have his clients or well he can be collecting bitcoins.

[justbitcoins]

Great for Brazil!

I wonder if there will be a boom in activity and "bitcoin accepted here" signs leading up to the Olympics next summer. Anyone know?

I would like to see the "bitcoin accepted here" sign in Brazil. That will give enormous publicity to bitcoin and help its adoption.

[DarkHyudrA]

Great for Brazil!

I wonder if there will be a boom in activity and "bitcoin accepted here" signs leading up to the Olympics next summer. Anyone know?

I would like to see the "bitcoin accepted here" sign in Brazil. That will give enormous publicity to bitcoin and help its adoption.

Some rare places accept it. And of course, the tickets for entering Olympics games won't accept Bitcoin.
Although it got a new all-time high here on Brazil, remember 2 things:
-There's a crisis going on here. Last year 1 USD = 2.50BRL, now its over 1 USD = 3.80 BRL
-Rise in the value of BTC

So it's not that all good news.

[knowhow]

Well the financial problems are affecting most of the countries ,politicians is rich and we are paying for the bad management made by them.And yes dollar as other currencies as eur and pound are growing too much,soo we are loosing in the long road and i think this is what goverment wanna to panic the people,because Brazil has plenty of resorces.

[mirana12345]

Great for Brazil!

I wonder if there will be a boom in activity and "bitcoin accepted here" signs leading up to the Olympics next summer. Anyone know?

Well, if the interest is growing and exchanges are at ath volume, it wouldn't surprise me if the coverage also spreads to some more merchants and services there,
but however, i doubt there will be bitcoin logos related to Olympics.
In regards to op, maybe it isn't a local thing after all, because all exchanges are showing insane rise in volume, which is spreading from china to other exchanges..

[justbitcoins]

Well, if the interest is growing and exchanges are at ath volume, it wouldn't surprise me if the coverage also spreads to some more merchants and services there,
but however, i doubt there will be bitcoin logos related to Olympics.
In regards to op, maybe it isn't a local thing after all, because all exchanges are showing insane rise in volume, which is spreading from china to other exchanges..

The volume rises in exchanges outside China is very large. It indicates a higher general interest in bitcoin. The blockchian transaction also rose recently.

[TheIrishman]

No its not VAT. Vat is a Europe thing. That doesn't mean that rip off tax doesnt exist outside the Eurozone, what they call it does not matter. Brasil has a huge tax on sale of Bitcoin and it really kill the deal.

I'm not sure what you are referring to or what are your sources. Today there is no tax on sale of Bitcoin in Brazil.
There is capital gain taxes as part of regular income, but the purchase/sale of bitcoin is not taxed.

I live in Brazil and, like dive said, there is no "tax" on each purchase or sale of bitcoin. Bitcoin is NOT regulated in Brazil. The exchanges each have their own transaction fees but THERE IS NO BITCOIN-SPECIFIC GOVERNMENT TAX.