Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt'

Kia Themes Forums Im Event Support Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt'


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    This trading fee is fixed by the exchange owner. Whenever a user makes a transaction or trades digital assets in the platform, disregarding the type of trading they utilize, a particular amount of fees in the name of trading fees is obtained from the users.

    Be it trading of crypto to crypto, or crypto to fiat, the trading fees are applicable for every trade or transaction held on the platform.

    Meanwhile, trades in Brazilian reais on the world´s largest cryptocurrency exchange, Binance, jumped to nearly $8.5 billion in the fourth quarter of 2021, from just $152 million over the same period a year earlier, according to market data provider Kaiko.

    He said one of his clients enlisted her husband, mother, brother, sister-in-law and an 82-year-old aunt, investing a total 822,000 reais (about $150,000). The true tally is likely much higher, said Luciano Regis, a lawyer representing dozens of victims.

    The chubby young man in thick-rimmed glasses was also gaining a taste for the high life, police and prosecutors said.

    Dos Santos bought expensive jewelry and a swanky apartment as contracts poured in from elsewhere in Latin America and as far away as the U.S., Europe and the Gulf.

    Making use of margin trading, a user can leverage their position by purchasing stocks with a small quantity of collateral, such as cash or another asset.
    As a result, the exchange owner will be able to put up a proportion of interest and generate significant profits using this business model.

    We have seen the impressive revenue factors that a Binance clone script is comprised of and the obvious question that pops into everyone’s mind is the price of a Binance clone script.

    How will I miss that important topic? Compared to developing from scratch the Binance clone script is much cheaper in the price category. A Binance clone script cost falls within the range of 3k USD to 12k USD. The reason for the range is because of the customizations made to the clone script and without those modifications the cost is even lesser than the above-mentioned price.
    At times the advanced feature integrations.

    The integration of the IEO launchpad into a cryptocurrency exchange platform like Binance will increase the possibility of higher income because the exchange owner will ultimately make more money.

    After all, the IEO launchpad facilitates the token sale of new coins for a set amount of time and stands out from the other listed coins.

    The alleged scheme worked like this, according to prosecutors: Dos Santos would instruct clients to deposit their money – in cash to avoid further scrutiny – into bank accounts run by managing partners.

    The money would then be transferred to dos Santos or his Venezuelan wife, Mirelis Yoseline Diaz Zerpa, who would either pocket it, use it to buy bitcoins and other cryptocurrencies as well as traditional financial assets, or pay off other members of the scheme.

    The case also underscores the fast-growing appetite for cryptocurrencies in Brazil, where years of economic and political crises have made digital currencies an attractive shield against depreciation of the Brazilian real and double-digit inflation.

    And Rio de Janeiro has recently said it wants to offer incentives to those paying city property taxes using bitcoins. At the same time, Brazil´s securities regulator was making digital currencies more attractive: It authorized the country´s investment funds to invest in cryptocurrencies in 2018, giving them greater credibility.

    Last year, Brazil approved Bitcoin exchange-traded funds, only the second country in the world to do so.

    In recent times, the number of cryptocurrencies is drastically increasing, so there will always have a demand for cryptocurrencies and listing them in the crypto exchanges.
    For listing those cryptocurrencies, a fee amount is required, which is what we call listing fees.

    Bathers dive into the waters of Fort Beach in Cabo Frio, Brazil, Wednesday, Dec.

    15, 2021. Brazil became one of the first countries in the world to approve Bitcoin exchange-traded funds, second only to Canada. (AP Photo/Bruna Prado)” class=”blkBorder img-share” style=”max-width:100%” />


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