Why Has Brazil Paused Its Crypto Tax Plans? Brazil’s incoming Finance Minister Dario Durigan has put a planned public consultation on crypto taxation on hold, according to a Reuters report citing two sources familiar with the matter. The consultation was expected to clarify how crypto transactions should be taxed after the central bank classified certain crypto flows as foreign exchange operations. Durigan, who took office after Fernando Haddad stepped down to run for governor of Sao Paulo, is prioritizing microeconomic legislation while avoiding politically sensitive fiscal measures ahead of Brazil’s October presidential election. The sources said the government does not want to spend political capital in Congress on tax changes during an election cycle. The delay leaves a key part of Brazil’s crypto framework unresolved, particularly as regulatory oversight has already expanded to cover service providers and cross-border crypto activity. Investor Takeaway Brazil’s decision to pause crypto tax discussions reflects election-year risk management, but it also extends uncertainty around how digital asset transactions will be taxed in one of the world’s most active crypto markets. What Rules Are Already in Place for Crypto in Brazil? Brazil’s central bank finalized rules in November that brought crypto service providers under existing financial regulations. Companies operating in the sector are now required to obtain authorization, aligning crypto activity more closely with traditional financial oversight. The same framework placed stablecoin transactions and the use of digital assets for international transfers under foreign exchange supervision. That classification is central to the tax question, as it links crypto flows to existing FX rules without yet defining how those flows should be taxed. Central bank chief Gabriel Galipolo said earlier this year that crypto usage in Brazil has expanded rapidly, with roughly 90% of transaction flows tied to stablecoins, according to Reuters. The postponed consultation was expected to address how those flows should be treated from a fiscal perspective. Is This Part of a Broader Fiscal Pause? The crypto consultation delay is not an isolated decision. Reuters reported that other fiscal proposals are also being deferred, including plans to remove tax exemptions on certain investment securities such as credit letters. That proposal had already struggled to gain traction in Congress and may now be pushed beyond the current electoral cycle. Durigan’s legislative agenda is expected to focus instead on areas with lower political resistance, including regulation of big tech, financial crisis management frameworks, and investment programs linked to data center infrastructure. The approach reflects a broader attempt to keep economic policy moving without triggering contentious tax debates ahead of the vote. President Luiz Inacio Lula da Silva has framed the transition as part of a wider economic reset, asking Durigan to be the “new face of Brazil's economy,” according to the sources cited by Reuters. With polling pointing to a competitive election and the possibility of a runoff, fiscal caution appears to be guiding policy timing. Investor Takeaway Tax policy in Brazil’s crypto sector is now tied to the political calendar, meaning clarity may not arrive until after the election or even into the next presidential term. What Does This Mean for Brazil’s Crypto Market? Brazil remains one of the largest crypto markets globally, ranking fifth worldwide and first in Latin America in adoption, according to Chainalysis data cited in the report. Between July 2024 and June 2025, the country received roughly $318.8 billion in crypto value, reflecting strong retail and institutional participation. Institutional interest has also been building. Investment firms have begun backing local crypto startups, including stablecoin projects tied to the Brazilian real, indicating that capital continues to flow into the sector despite regulatory uncertainty. At the same time, service providers operating under the central bank’s November rules still face a compliance deadline of November 2026. That creates a split environment where regulatory obligations are advancing, but tax treatment remains undefined. That said, the delay introduces a period where operational rules are clearer than fiscal ones. Exchanges, payment providers, and investors can adapt to licensing and oversight requirements, but must continue to operate without a finalized tax framework for crypto-linked transactions. The outcome of the October election will likely determine how quickly that gap is addressed. Until then, Brazil’s crypto market will continue to expand under partial regulatory clarity, with tax policy remaining one of the last unresolved components.

FinTelegram has reviewed an email chain from a player alleging delayed withdrawals, repeated stalling, blocked live-chat access, and unresolved account-closure issues involving Super Spin and sister brand Rolly Spin. The complaint identifies Belize-registered Comentive Ltd as operator and points to a Cyprus payment-agent structure disclosed on the casino side, raising wider compliance questions around offshore gambling operations, consumer harm, and payment facilitation. Key Findings A player complaint reviewed by FinTelegram alleges that Super Spin delayed a £1,500 withdrawal for an extended period despite prior successful withdrawals and completed KYC. The same source alleges that support first cited technical issues or review processes, then became non-responsive while live chat repeatedly promised resolution “asap.” The complaint identifies Comentive Ltd as the Belize operator behind Super Spin and Rolly Spin and states that Norvelic Limited in Cyprus acts as payment agent. The player names Revolut, Mercuryo, Gwaypayment, Rillpay, and “Krypotonim” as payment channels or processors allegedly connected to the casino flows. FinTelegram treats these as allegations requiring clarification. The complaint also raises potential responsible-gambling and consumer-protection concerns, alleging that Rolly Spin failed to close an account despite repeated requests. A Player Complaint That Fits a Familiar Pattern According to the emails reviewed by FinTelegram, the player says she joined Super Spin, deposited funds, passed KYC, and won just over £20,000 without using a bonus. She says the casino’s published withdrawal limits were £1,500 a day, £4,000 a week, and £12,000 a month, but that she was only able to withdraw £4,000 over several weeks and had to fight repeated delays and excuses even for those payments. She further alleges that one £1,500 withdrawal remained outstanding well beyond the stated timelines, while support first cited technical issues and later stopped responding. In later emails, she says there were multiple outstanding withdrawals and that live chat repeatedly told her the matter would be resolved “asap” before allegedly blocking her again. That pattern matters. In many offshore casino disputes, the real friction begins not when players deposit, but when they try to cash out. Super Spin, Rolly Spin, Comentive Ltd, and the Payment-Agent Structure The complaint identifies Comentive Ltd as the operator behind Super Spin and links the same company to Rolly Spin. The reviewed material describes Super Spin as operated by Comentive Ltd, a Belize company, while Norvelic Limited, registered in Nicosia, Cyprus, is described as acting as a payment agent for Comentive Ltd. That disclosure is important. Offshore casinos often rely on European payment-side structures, agents, intermediaries, or merchant-routing arrangements to maintain access to payment rails even when the gambling operation itself sits outside major regulated jurisdictions. In this case, the player complaint places a Belize operator, an offshore licensing presentation, and a Cyprus payment-agent layer into the same picture. The existence of such a structure does not in itself prove unlawful conduct by every named entity. But it clearly raises questions that deserve answers. The Payment-Rail Questions In her messages to FinTelegram, the player names Revolut, Mercuryo, Gwaypayment, and Rillpay, as payment channels or processors she believes were involved in deposits or withdrawals connected to Super Spin. She also alleges that deposits were miscoded and routed to unrelated merchants. FinTelegram treats those statements as player allegations requiring documentation and response, not as established fact. RollySpin cashier with UTRG and ChainValley (previously UTRG) for fake FIAT deposits via Skrill and Neteller In our review of RollySpin in the context of this complaint, we once again identified UTRG and its Polish successor scheme, ChainValley (https://app.chainvalley.pro), as facilitators of FAKE FIAT transactions via Skrill and Neteller via the anonymously operated payment gateway app.gwaypayment.com. Still, the central compliance question is straightforward: who is actually processing player payments, under what merchant description, and for whose economic benefit? That question becomes particularly important when a player alleges delayed withdrawals while also identifying multiple payment intermediaries and a disclosed Cyprus payment agent in the background structure. Consumer-Harm and Responsible-Gambling Concerns The material reviewed by FinTelegram also points to potential consumer-protection and responsible-gambling issues beyond the withdrawal dispute itself. The player says she also held an account with Rolly Spin and that the operator failed to close that account despite repeated requests. She further told FinTelegram that other players were allegedly being ignored when trying to close accounts, including cases involving disclosed gambling addiction. If substantiated, that would move the issue well beyond poor customer service. A casino that allegedly delays withdrawals while also failing to process closure requests is exposing itself to serious credibility and compliance questions. Review Pressure and Reputation Management Allegations The player also alleges that Super Spin attempted to influence review behavior. In one email, she claims that the casino had previously made a “deal” under which removing a negative Trustpilot review would help ensure smoother future withdrawals, and that any further negative reviews would move her withdrawals “down the priority list.” These are serious allegations and, at this stage, remain allegations. But if supported by screenshots or correspondence, such conduct would suggest not only payout friction, but active pressure on players to moderate public criticism while funds remain pending. That combination is precisely why the case deserves closer scrutiny. Right to Comment FinTelegram has invited Comentive Ltd, Super Spin, Rolly Spin, and Norvelic Limited to comment on the allegations and clarify the precise role of the entities involved in payment processing and player-account handling. At the time of publication, no response had been received. Here is a compact summary table you can drop into the report. I’ve phrased the regulation column as site-disclosed / claimed rather than validated regulatory status. The uploaded email chain identifies the same operator and Cyprus payment-agent structure, and the current site disclosures for both brands match that. Summarizing Table Entity typeBrand / EntityDomainSite-disclosed regulationOperator / roleJurisdictionCasino brandSuper Spinsuper-spin.comClaims to be licensed and regulated by the Government of the Autonomous Island of Anjouan, Union of Comoros, under License No. ALSI-202505024-FI1.Operated by Comentive LTD (reg. no. 000047924).Brand targets players online; operator disclosed as Belize.Casino brandRolly Spinrollyspin.comClaims to be licensed and regulated by the Government of the Autonomous Island of Anjouan, Union of Comoros, under License No. ALSI-202505024-FI1.Site disclosure and player material link it to Comentive LTD.Brand targets players online; operator disclosed as Belize.OperatorComentive LTDn/an/aSite-disclosed owner/operator of Super Spin; same structure also used for Rolly Spin in the source material. Belize registration no. 000047924; source material says formed 9 April 2025 and active.Belize — Sea Urchin Street, San Pedro Town, Ambergris Caye, Belize.Payment agentNorvelic LIMITEDn/an/aDisclosed by both casino sites as payment agent of Comentive LTD;EU/Cyprus payment handler for Super Spin and Rolly Spin. Reg No HE 475930.Cyprus — Avlonos 1, Maria House, 1075 Nicosia, Cyprus.Director Georgia Chrysostomo A careful editorial note you could place under the table: Editorial note: The licensing information above reflects operator website disclosures and source material reviewed by FinTelegram. It should be read as claimed regulatory positioning, not as an independent endorsement of the effectiveness or legitimacy of that regulatory framework. Recent reporting by Le Monde described the broader Anjouan licensing ecosystem as facing serious credibility questions and cited the Comorian central bank’s earlier position that certain supposed offshore authorities and approvals were illegal. Call for Information Whistleblowers, affected players, compliance insiders, and payment professionals: if you have information on Super Spin, Rolly Spin, Comentive Ltd, Norvelic Limited, or the payment rails behind these brands, contact FinTelegram or submit your information via Whistle42. Documented evidence helps identify the financial intermediaries and operational structures behind offshore casino schemes. Share Information via Whistle42

XRP whales accumulated 1.3 billion tokens in a single 48-hour window. On one day in March, $738 million worth of XRP left exchanges and moved into cold storage. Spot XRP ETFs pulled in $1.24 billion in total inflows. Standard Chartered’s xrp price prediction targets $5 from the current price of $1.43 according to CoinMarketCap.  On the Ethereum side, BlackRock launched its staking ETF, whale wallets bought $480 million in ETH in two weeks, and long-term targets reach $10,000. Both tokens have institutional money behind them. Both are heading higher. And both deliver returns that the biggest wallets in crypto treat as the floor of their portfolio, not the ceiling (Blockchain Magazine, March 21, 2026). The ceiling is Pepeto. This Ethereum-based presale crossed $8.2 million at $0.000000186 during a Fear and Greed reading of 11. The same whale wallets that sold $117 million in BTC are entering this presale because the math forces the position. XRP reaching $5 is 3.4x. ETH reaching $10,000 is a 4.6x. Both take months or years. Pepeto from presale to listing compresses returns into weeks. The project is led by the cofounder of the original Pepe coin, the meme token that reached $11 billion with zero products of any kind.  Now he built Pepeto with PepetoSwap for zero-fee trading, a cross-chain bridge that fixes Ethereum’s biggest headache, and AI screening that catches scam tokens. SolidProof and Coinsult audited every contract. A former Binance executive joined the team. The whales are not choosing between XRP, Ethereum, and Pepeto. They stack all three because each does a different job in the portfolio that wins 2026. Why Does the XRP Price Prediction Push Whale Wallets Toward Pepeto? XRP works as a payment bridge. Tokens get used for a few seconds during settlement, then released. Millions of transactions happen daily but the token does not hold demand from each one. The xrp price prediction benefits from ETF inflows and regulatory wins, not from organic exchange volume. Pepeto is built the opposite way.  Every swap on PepetoSwap, every bridge transfer, every AI-verified listing creates demand that stays in the token permanently. Revenue sharing sends a portion back to holders based on position size. The xrp price prediction gives the macro direction.  Pepeto converts that direction into multiplication that an $88 billion token physically cannot produce. That is why the whale wallets treat these as complementary positions, not competing ones. How Do Whale Wallets Build a Portfolio With XRP, Ethereum, and Pepeto? XRP for institutional payment momentum and the $5 target. Ethereum for network growth and the DeFi backbone. Pepeto for the presale multiplier that neither can deliver from their current size.  The cofounder of the original Pepe coin, the same person who built a meme token to $11 billion with nothing behind it, is now running Pepeto with PepetoSwap, a cross-chain bridge, AI screening, SolidProof and Coinsult audits, a former Binance executive, and 195% APY staking compounding daily. Fixed supply means zero dilution.  The whale wallets that crashed Bitcoin are already in. \The xrp price prediction and Ethereum outlook are the base. Pepeto at $0.000000186 is how those wallets plan to turn a good year into a generational one. What Does a Portfolio With XRP and Ethereum Look Like Without Pepeto? It captures a solid 3.4x on XRP and 4.6x on ETH and watches the presale wallets collect the real multiplication that every cycle gives to early movers. The xrp price prediction plays out over months. Ethereum’s growth takes years.  Pepeto’s presale closes the moment the Binance listing goes live. The investors inside now become exchange stakeholders earning from every trade the platform processes. The Pepeto official website is where the investors building a complete 2026 portfolio, one that the xrp price prediction and Ethereum alone cannot finish, are locking in the position that turns large-cap stability into full-cycle returns. Click To Visit Pepeto Website To Enter The Presale Frequently Asked Questions What is the xrp price prediction for 2026? Standard Chartered targets $5 from $1.46. Whale wallets accumulated 1.3 billion tokens in 48 hours. Spot XRP ETFs pulled in $1.24 billion total. Regulatory clarity from the SEC and CFTC strengthens the institutional outlook. Why is Pepeto the best Ethereum-based presale of 2026? Pepeto runs on Ethereum with zero-fee swaps across ETH, BNB, and Solana. Built by the cofounder of the original Pepe coin that reached $11 billion. Dual audits from SolidProof and Coinsult. 195% APY staking. $8.2 million raised at $0.000000186 with a Binance listing approaching.

eToro founder shareholder leaves UK Board Another wave of leadership changes swept the industry this week. Anthony Wollenberg, a founder shareholder and non-executive director of eToro UK, left the company’s board after serving for over 14 years. The move, disclosed in recent filings with Companies House, marked the departure of one of the last board members tied to the platform’s formative period in the UK under FCA regulation.A veteran London-based solicitor aged 76, Wollenberg first joined the board on March 2, 2012, when eToro was still an emerging name in online trading. His long tenure spanned the firm’s transformation from a small, socially focused trading venture into one of the leading global players in fintech.Disclose more about the exit of Anthony Wollenberg from eToro UK Board.RKX Financial appoints ex-Doo Group executive as CEOAt the same time, Roman Kalinin was appointed as the Chief Executive Officer of RKX Financial. He brings extensive experience in the trading and brokerage industry, having previously served as Chief Growth Officer at Doo Group and Sales Director at Doo Prime.Kalinin’s move comes as Doo Group undergoes a global restructuring. The firm recently began scaling back its operations in Cyprus, with reports indicating that Doo Prime was vacating its Limassol office after staff reductions. Show more about RKX Financial's appointment of Roman Kalinin as CEO. DIGITEC appoints CME veteran to lead revenue opsDIGITEC, a Hamburg-based FX swaps and NDF pricing technology provider, appointed Jessica Roberts as Head of Revenue Operations and Enablement. It adds a veteran of CME Group and EBS BrokerTec to its growing London office. Roberts joins from CME, where she spent more than seven years in two senior roles, most recently serving as Senior Director of Sales Operations and Enablement. In her new role at DIGITEC, Roberts will oversee revenue strategy and execution, with responsibility for aligning the company’s sales, marketing, and customer success functions. Highlight more about DIGITEC’s appointment of Jessica Roberts as Head of Revenue Operations.Andreas Pilavakis departs FunderProAdditionally, this week, Andreas Pilavakis left FunderPro to become Chief Operating Officer (COO) at GOAT Funded Futures, the futures-focused division of proprietary trading firm GOAT Funded Trader. He previously served as Head of Operations at FunderPro for about 19 months before departing in March, and he is performing his new role remotely from Limassol.Join the inaugural Finance Magnates Singapore Summit 2026, which will bring together brokers, fintechs, banks, EMIs, wealth managers, and hedge funds across APAC.This move marks Pilavakis's first C-suite position in a four-year career largely spent at Cyprus-based proprietary trading firms. He began his prop firm career in 2022 at The Trading Pit as a customer support manager, later becoming head of customer support and then operations manager.Find out more about Andreas Pilavakis's exit from FunderPro for COO role at GOAT Funded Futures.Saxo Bank veteran Casper Solbakken steps downCasper Andreas Solbakken is leaving Saxo Bank after more than two decades with the company. He has been a long-serving executive at the Danish financial institution, contributing to its growth and development over the years.His departure follows recent ownership changes at Saxo Bank. Earlier this month, J. Safra Sarasin Group finalized its acquisition of a majority stake in the trading platform and appointed Daniel Belfer as the new Chief Executive Officer.Display more about the exit of Casper Andreas from Saxo Bank. XS.com names new Retail Sales HeadAnother change came from XS.com, where the firm hired Simon-Peter Massabni as Head of Retail Sales. Massabni, who most recently worked as Country Manager for MENA Commercial Management at Exness, will lead the company’s efforts to grow its retail business globally.He spent nearly three years at Exness in the MENA Commercial Management role, based in Limassol, Cyprus, where he helped set regional commercial plans, managed acquisition and retention activities, oversaw partnership programs, and monitored performance across Middle Eastern and North African markets.Investigate more about XS.com's naming of new Retail Sales Head. This article was written by Jared Kirui at www.financemagnates.com.

Good morning, and thank you to the American Society for Public Administration for the Paul Volcker Public Integrity Award. I regret that I cannot be with you in person today, but I am deeply grateful for this award, and for the opportunity to share some reflections. It is a humbling honor just to be mentioned alongside Chairman Volcker. He stands out as a towering figure in economics and central banking, perhaps our greatest public servant in the economic arena. His legacy is one of commitment to serve the public selflessly, courageously, and with the highest degree of integrity. Paul Volcker exemplified integrity in public service, enabling him to earn the trust of presidents and lawmakers from both parties. He served at the Treasury under three presidents—Kennedy, Johnson, and Nixon—before leading the Federal Reserve from 1979 to 1987, nominated by President Carter and reappointed by President Reagan. Non-political, non-partisan service is the bedrock of the Federal Reserve, and no one embodies that virtue more than Paul Volcker. At the Fed, his defining test came in confronting double-digit inflation in the early 1980s. Despite political pressure and a painful recession, he held firm to his commitment to bring inflation down. In a speech at the Economic Club of Chicago on May 19, 1982, with unemployment above 9 percent and critics calling for him to change course, Volcker acknowledged the pain of wringing out inflation through high interest rates but held out the prospect of a return to price stability, and with it a much brighter future. And he deserves a good part of the credit for achieving just that future and launching our economy on a period of low and stable inflation and steady growth that we now look back on as the Great Moderation. His willingness to resist short-term pressures in the interest of achieving lasting price stability demonstrated the courage and long-term perspective that define principled public service. Paul Volcker set an example that all public servants should emulate. His actions remind us that independence and integrity are inseparable—we need independence to do what is right, and we need integrity to use that independence wisely. Ultimately, each of us will want to look back at the arc of our lives and know that we did what was the right thing. As Paul Volcker showed throughout his career, in the end, our integrity is all we have. Thank you again for this humbling honor.

Beeks Group plc, a provider of cloud computing and connectivity solutions for financial markets, today announced the launch of a new GPU-powered dedicated server package. The post Beeks launches new GPU-powered dedicated server package Theia appeared first on FX News Group.

Robert Pemble has been named head of US equity trading at Invesco, stepping up to the role after 22 years at the asset manager.  He initially joined the firm in 2004 as a senior equity trader, working for Oppenheimer Funds before the company was acquired by Invesco in 2019. The new position marks a promotion for New York-based Pemble, who most recently spent two years as head of quantitative equity trading at the firm. Pemble has worked extensively across capital markets for more than two decades, and prior to his time at Invesco, held various equity trading roles at firms spanning Caldwell & Orkin Funds, Bulldog Capital, Hovde Capital Advisors and William R. Hough & Co.  Pemble confirmed his appointment in an announcement on social media.  Invesco had not responded to a request for comment at the time of publication.  The appointment follows further significant senior promotions for Invesco, with Samuel Henderson stepping into the role of head of EMEA equity trading in January 2026.  Henderson’s promotion followed the departure of the firm’s head of trading – EMEA and APAC equities, Paul Squires in November 2025, as revealed by The TRADE at the time.  The post Invesco promotes internally for new US equity trading head appeared first on The TRADE.