00:00In Brazil, DePix is emerging as a privacy-forward bridge between the traditional banking world
00:04and crypto, leveraging PIX and the Liquid network to empower financial autonomy.
00:08Here's how it works. You make a standard PIX transfer to a DePix provider, and in return,
00:12you receive DePix a stablecoin-picked one, one to the real issued on Liquid, a network focused
00:16on confidentiality. Because Liquid utilizes confidential transactions, there's no traceable
00:20information about who sent what or how much. This matters because when you buy crypto via PIX on a
00:25centralized exchange, every step is tracked and often reported to tax authorities. With DePix,
00:30only the initial PIX is visible. Everything after it happens privately, off the radar of traditional
00:35banking systems. These voices reflect how everyday users are leveraging DePix for privacy and to
00:40circumvent KYC-heavy exchanges via peer-to-peer trading. On the infrastructure side, tools like
00:45Sideswap and AbleDirect DePix to BTC liquid-based swapping seamlessly, making the process smooth and
00:50decentralized. Platforms like Pixco also illustrate the broader utility merchants receive to PIX via
00:55PIX without any KYC and control of their own wallets, maintaining privacy and sovereignty.
01:00While DePix being significant privacy benefits, regulatory considerations remain important.
01:05Reports emphasize that. DePix doesn't constitute foreign exchange, isn't subject to capital gains,
01:11and is legal but only when used responsibly. Platforms like Musa show users that DePix holders
01:16themselves are responsible for tax compliance, no punitive tracking is performed by the platform.
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