Bitcoin Market CEO praises Haddad and pins Binance

Brazil’s Finance Minister Fernando Haddad received public praise from Mercado Bitcoin CEO Reinaldo Rabelo after nodding that he should fight for a market with fair competition and greater equality.

Last Thursday (13), before leaving for China in the entourage with President Lula, the Finance Minister caused controversy by commenting on the case, which netizens called a “tax of brusinha”. That’s because Haddad said he doesn’t know Shein, just Amazon, where he buys books every day.

Asked if he has a proposal to exclude AliExpress, Shein and Shopee from Brazil, Haddad said no, he just wants to make sure the platforms are compliant with Brazilian rules like any other.

haddad still remembered that one of the platforms has already approached the government and stated that it wants to self-regulate, as public opinion could judge the business. Haddad also pointed out that companies that fail to comply with Brazilian rules will soon be subject to regulation.

Bitcoin Market CEO Praises Fernando Haddad and Ports Binance

Reinaldo Rabelo, CEO of Mercado Bitcoin, praised Fernando Haddad’s public speaking against Chinese e-commerce platforms.

In a post on LinkedIn, Rabelo emphasized that Mercado Bitcoin, founded in Brazil in 2013, is a Brazilian platform that pays taxes in the country.

“Good competition is fair competition. There is no way to be clearer than Finance Minister Fernando Haddad in a post published on Twitter to talk about the equalization of rules for foreign platforms providing services in Brazil. It is good for the country, for the economy and for the consumer.”

Reinaldo recalled that Mercado Bitcoin has spoken to regulators and respects relationships with anyone investing in cryptocurrencies on its platform. One of the examples cited by the businessman is Binance Brasil.

“Since 2021, pirates have arrived in Brazil”

Reinaldo Rabelo continues his outburst, saying that many websites based in tax havens have arrived in Brazil since 2021. For example, they compete under unfair conditions with Brazilian entrepreneurs, sometimes even in collaboration with companies authorized by the Central Bank of Brazil.

The CEO of Mercado Bitcoin shared news about Binance and FTX claiming that their services are similar to Shein, Shopee and AliExpress, contested by the minister.

For example, according to news reports, a Bacen investigation into Méliuz / Acesso / Bankly – Banking as a Service led to the termination of services to Capital / Binance because these companies did not meet the requirements of “know your customer” and “prevention of the money laundering”. Of money”. Yes, these illicit platforms offer the same services as local exchanges, for the same audience and within the same region; only they flout the local rules with the strange excuse that their headquarters are in a different country (for example, FTX was in the Bahamas ) – just like that of e-commerce, in the case referred to in the post in question.

According to him, ABcripto, an association that Mercado Bitcoin is a part of, is in talks with the Ministry of Finance about the matter.

Source: Live Coins

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