Brazilian financial technology company Nu Holdings added 5.7 million new customers in the second quarter

[Brazilian financial technology company Nu Holdings added 5.7 million new customers in the second quarter] Jinse Finance reported that the parent company of the Brazilian digital bank Nubank and the Brazilian financial technology company Nu Holdings added 5.7 million customers in the second quarter, and the number of individuals using its services and the number of businesses reached 65.3 million. Nu, which forayed into the cryptocurrency space in July, added 1 million customers within three weeks of its Nucripto platform launch. Nu Holdings, which has its largest operation in Brazil, added nearly 700,000 customers in Mexico and Colombia in the second quarter.

Additionally, Nu Holdings' net loss increased to $29.9 million in the second quarter, compared to $15.2 million in the same period in 2021. This was due to "higher stock-based compensation and related tax implications in the quarter," the company said in its earnings.

Other news:

Brazil's bill to regulate cryptocurrencies enters Senate vote for the first time: February 23 news, Brazil's encryption bill was unanimously approved by the Senate Economic Affairs Committee on February 22, and the Senate will vote on the bill. If passed by both the Senate and the Lower House, it will be sent to President Jair Bolsonaro to be signed into law. The legislation states that it provides “guidelines for the provision of virtual asset services.” Brazilian Senator Irajá Abreu said on Feb. 22 that he hopes the bill will curb all kinds of financial crimes committed using cryptocurrencies.

The bill defines what constitutes a virtual asset (VA), broker or exchange, and which branches of the federal government will have jurisdiction over the matter. The bill defines virtual assets as "digital representations of value that can be traded or transferred electronically and used for payment or investment purposes." According to the bill, crypto brokers or exchanges are legal entities that are permitted to “engage in financial services and provision” and perform exchanges of VAs with fiat currencies, between VAs and other VAs, transfers of VAs, and escrows of VAs. (Cointelegraph) [2022/2/23 10:09:50]

Central Bank of Brazil: Meeting with other central banks to discuss CBDC global standards: The Central Bank of Brazil (BCB) says it is seeking more time to launch its Central Bank Digital Currency (CBDC), and is currently delaying CBDC, citing its financial infrastructure and international landscape There are uncertainties. The BCB also said it was meeting with other central banks to discuss global standards for CBDCs and the potential impact digital currencies could have on local economies and international trade, among other things. (Bitcoinist) [2021/6/13 23:33:49]

Brazilian jiu-jitsu player said he bought bitcoin in 2015 but forgot the key and could not withdraw cash: Craig Jones, a Brazilian jiu-jitsu player living in Australia, revealed that he bought bitcoin in 2015 at a price of about $200-400. However, when the price surpassed $20,000 in December 2017, he was unable to cash out the bitcoin because he forgot the key. (Cointelegraph)[2020/7/17]