Following a year of negotiations, Coinbase is reportedly one step closer to finalize a deal to buy Brazil’s largest bitcoin exchange. The leading US-based cryptocurrency exchange – Coinbase – is near to buy a 2TM, according to a local newspaper.
The latter is a parent company that handles Latin America’s largest crypto brokerage-Mercado Bitcoin. According to the source, the discussions began last year as part of Coinbase’s larger attempt to expand its operations. Officials from both companies had not yet responded to the news. Surprisingly, the city of Rio de Janeiro — the country’s third-most populous state – is said to accept bitcoin payments for taxes.
Changpeng Zhao, CEO of Coinbase rival – and the world’s top exchange – Binance, commented on the subject, saying: “Nine days ago, I negotiated a handshake deal with mayor Eduardo Paes.” Rio de Janeiro will accept cryptocurrency for tax payments, and Binance will create a branch in the city. He’s done his job. We’re working on it.
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