Facebook May Launch a Crypto Exchange in Brazil

Facebook May Launch a Crypto Exchange in Brazil
  • Facebook’s parent company Meta has filed a trademark registration in Brazil.
  • The request mentioned Bitcoin and possibly a crypto wallet app.
  • Some entities in the crypto space went so far as to interpret the platform as some form of a crypto exchange.

Meta, Facebook’s parent company, is allegedly launching its own cryptocurrency exchange in Brazil. According to a Brazil-based cryptocurrency news site, Meta has filed a registration request to Brazilian authorities.

In fact, the source said that Meta filed the trademark registration back in December 2021. Also, the 90-day period for public contention has begun. 

Bitcoin was mentioned in the registration, as well as a possible cryptocurrency wallet platform. Specifically, one statement originally written in Portuguese said that the registration includes a “distributed cryptocurrency wallet platform software for use in processing financial transactions.”

Other entities such as Bitcoin Archive went further as to suggest that this may be a cryptocurrency exchange. 

As of press time, Meta has not made a public statement regarding the possible crypto foray in Brazil. If proven true, this could mean that Meta is taking strides toward entering the crypto space after multiple failed attempts.

disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.