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Back to Square One
Bitcoin was responsible for the dissemination of blockchain technology, initially focusing on its payment token function. With the development of the technology, other functions have been identified and implemented and today there is a growing ecosystem. In order to map this market, Deloitte annually publishes the Global Blockchain Survey. In this edition, we recommend the reading of Deloitte’s 2019 Global Blockchain Survey, which mapped the companies’ vision about the use of the technology in their activities.

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Block News
Google shows growing interest in Blockchain – Since 2016, Google Cloud researchers have gathered information and knowledge on the largest networks that uses blockchain technology. For such purpose, they are using the data analysis platform BigQuery, which allows a large amount of data of blockchains to be correlated and analyzed. Another indication that some big project of the company in blockchain is on its way was their recent partnership with Chainlink, company that provides oraclesand that will act as the “middleware” between the smart contracts and real-world data stored by Google. (DECRYPT, 06.19.2019)

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Brazilian IRS publishes regulation on data sharing in federal public administration using blockchain – The RFB Ordinance No. 1,074/2019, published on 06.25.2019, established guidelines for the sharing of information of Individual Taxpayer Registry (CPF) and of National Register of Legal Entities (CNPJ), authorizing the use of the Brazilian IRS blockchain network. According to the Ordinance, the use of the technology will reduce paperwork and other formalities for validation of data that must be shared. (DIÁRIO OFICIAL DA UNIÃO; 06.25.2019)

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Brazilian IRS announces the Declaratory Acts approving the manual and the program layout to comply with the requirements of Brazilian IRS Normative Ruling (NR) no. 1,888/19 (“Cryptoassets NR”) – The Brazilian IRS published, on 06.18.2019, the COPES Executive Declaratory Acts nos. 1 and 2, approving, respectively, the Manual for the fulfillment of the obligations of the Cryptoassets NR and the layout of the program to provide the information to the authorities. The two Acts and other materials related to the Cryptoassets NR can be found on the Brazilian IRS website.. (RECEITA FEDERAL, 06.18.2019)

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Brazilian Securities Commission (CVM) suspends activities of World Way Capital LP – Through the CVM Declaratory Act no. 17,195, issued by the Superintendence of Market Relations and Intermediaries (SMI), the CVM suspended the activities of the World Way Capital LP in Brazil. According to the agency, the company was illegally attracting clients for transactions with derivatives based on stocks, indexes, cryptoassets and in the so-called Forex market (Foreign Exchange), since the company does not integrates the distribution system defined in article 15 of the Law no. 6,385/76. The CVM still determined that, if the offer is not suspended the company will be subject to a daily fine of BRL 1,000.00. (CMV; 06.26.2019)

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Opera launches iOS version which includes blockchain technology – The internet browser Opera, which has an Android version since the end of 2018, debut their iOS version called “Opera Touch”. According to Cointelegraph, this version will support the Ethereum Protocol and application programming interface Ethereum Web3. According to the information disclosed, the browser will allow iOS system users to access the decentralized applications and all ERC-20 tokens, stablecoins and non-fungible tokens (NFTs). The browser will also present a cryptowallet called “Opera Crypto Wallet”. (COINTELEGRAPH, 06.26.2019)

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Brazilian Financial Activities Control Council (COAF) initiates investigation of Bitcoin transactions for alleged money laundering – According to information disclosed, the COAF started an investigation on Bitcoin blockchain, along with the São Paulo States Civil Police, for alleged money laundering. The investigation focuses on a particular individual, but, currently, it covers at least a Brazilian exchange and may involve an amount around BRL 40 million. According to the investigation, the transactions of certain clients of the exchange would be incompatible with their income, and therefore the Civil Police investigation was expanded and possibly shared with other agencies in Brazil and abroad. (COINTELEGRAPH; 07.02.2019)

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Brazilian Securities Commission (CVM) prohibits and fines the Brazilian cryptoasset project of the Alexandria Holding – The CVM issued an alert prohibiting the Brazilian cryptoasset project of the Alexandria Holding, which had the objective of financing the expansion of an electric power company. As an outcome of this alert, the CVM established a daily fine to the company. According to the regulatory body, the company is not authorized to publicly offer, securities, bonds or collective investment contracts related to the acquisition of the digital asset “LexToken”. (PORTAL DO BITCOIN; 07.03.2019)

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BTG Pactual announces that it will use the Tezos blockchain in a future Security Token Offering (STO) – Tezos issued a statement announcing that BTG Pactual (one of the biggest investment banks in Brazil) will use their blockchain for its next STO. The bank had already conducted a STO with ReiBZ, a token devoted to the Brazilian real estate market, developed with the use of the Ethereum network. (YAHOO, 07.03.2019; TEZOS FOUNDATION, 07.03.2019)

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Blockchain Desk Recommends
In our last newsletter, we reported that Facebook had announced the creation of their cryptoasset Libra, which will be public in 2020. After the publication of the project whitepaper, several researchers began to publish their predictions on the future of the Libra. In this issue, we indicate the article “Three predictions on the Libra, the Facebook digital currency”, by Carlos Affonso, and “Libra: Facebooks cryptoasset can revolutionize the economic model we live in”, by Gustavo Cunha.

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Blockchain Desk.