Brazilian Watchdog to Ban Bitcoin Mining Investments

The Commission on Securities and Exchange of Brazil banned the trading of local HashBrazil shares
06 March 2018   1652

The Commission on Securities and Exchange of Brazil (CVM) decided to stop trading in the "shares" of the investment mining project HashBrasil. According to the regulator, the services offered by the company and methods of attracting clients violate the legislation in the sphere of securities, reports CoinDesk.

The [Authority] has identified that the company and the individual mentioned above are publicly offering...an investment opportunity related to quotas in [a] bitcoin mining investment group ('HashBrasil'), using appeal to the public for the conclusion of contracts that may be included in the legal concept of security.

Brazil's Securities and Exchange Commission

In addition, CVM imposed on the organizers of HashBrasil a fine of R$ 5000 (about $ 1500) per day if they ignore the regulator's requirements. Soon after the decree was issued, the HashBrasil team announced in Facebook that the project was suspending its activities. 

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   111

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.
 

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.