🚀 Brazil Saves Crypto, US Buys Pesos, and OranjeBTC Goes Public! 🤑

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Welcome to Latam Insights, your weekly dose of Latin America’s most absurdly relevant crypto news. This week: Brazil dodges a crypto tax bullet, the U.S. Treasury plays Peso Santa 🎅, and OranjeBTC goes public because why not? Strap in, folks-it’s been a wild ride! 🌪️

💸 Brazil’s Crypto Traders Dodge a $3B Tax Bullet-Lula’s Not Amused 😠

The crypto community in Brazil is currently doing the samba after narrowly avoiding a tax overhaul that would’ve made even the most stoic trader weep. Provisional Measure 1,303, enacted by President Luiz “Lula” da Silva (yes, the same one who probably still thinks Bitcoin is a type of coffee ☕), aimed to slap a 17.5% flat tax on all crypto traders, regardless of whether they were small fish or whales. The measure had until October 8 to be passed by Congress, or it would vanish like a poorly executed NFT project.

After a nail-biting 13-12 vote in a joint committee (where someone clearly flipped a coin), the tax was bumped up to 18%. But in a twist worthy of a Douglas Adams novel, Congress decided to scrap the whole thing with a 251-193 vote. So, the crypto traders live to trade another day, and Lula’s tax dreams are left in the dust. 🌪️

🤑 US Treasury Buys Pesos Because Why Not? Argentina’s Currency Just Got a Glow-Up ✨

In a move that screams “We’re here to save the day, folks!” the U.S. Treasury has swooped into Argentina’s currency market like a financial superhero. U.S. Treasury Secretary Scott Bessent announced that they’ve been buying pesos left and right, apparently because the peso was feeling a bit “undervalued” (read: ignored). 🥺

Bessent tweeted that while the IMF was busy sipping tea ☕, the Treasury was out there doing the heavy lifting. He didn’t disclose how many pesos they bought, but he did promise to “take exceptional measures” to stabilize markets. Translation: “We’ve got this, Argentina. Now go make some empanadas.” 🥟

🚀 OranjeBTC Goes Public on B3-Brazil’s Bitcoin Behemoth is Here to Stay 💪

In a move that’s less surprising than finding a churrascaria in Brazil, OranjeBTC has announced its debut on B3, the Brazilian stock exchange. This Bitcoin-focused company already holds 3,650 BTC (because why not bet big on the future? 🎲) and is now going public via a reverse IPO with Intergraus, a school chain company. Yes, you read that right-a school chain. Apparently, education and Bitcoin go together like caipirinhas and beaches. 🍹🏖️

Trading under the ticker OBTC3, OranjeBTC is set to become the poster child for Bitcoin treasury companies in Latin America. So, if you’re into Bitcoin and public listings, this is your moment to shine. Or at least to buy some stock. 📈

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2025-10-13 12:58