Bitcoin legal in Brazil

[Passiveearner]

That's the problem. I'm glad cryptocurrencies is gaining traction in our country as several blockchain and cryptocurrency events are held here this year.

Cryptocurrencies are now used everywhere. The fact of the matter is that no matter how much the country stops people, the government would never be able to do so. This is because cryptocurrencies are never controlled at all by any kind of central organisation unlike some other financial organisations that used to control money.

 

[iyanpol12]

Cryptocurrencies are now used everywhere. The fact of the matter is that no matter how much the country stops people, the government would never be able to do so. This is because cryptocurrencies are never controlled at all by any kind of central organisation unlike some other financial organisations that used to control money.

Yes. Government can't control cryptocurrencies. However, some exchanges are regulated by them.

 

[hastral45]

That is good omen to the price of bitcoins. I expect other world leaders that outlawing the use of bitcoins to learn from it.

 

[Reedex]

Bitcoin has become legal in Brazil and that's a good news.

 

[gammarays]

The south American countries are really doing great by opening up their doors to crypto. At least citizens can transact with it without any fear. It'll create more opportunities for the country.

 

[Reedex]

The south American countries are really doing great by opening up their doors to crypto. At least citizens can transact with it without any fear. It'll create more opportunities for the country.

It is a great opportunity for anyone who wants to involve in cryptocurrency investment in that region to tap into.

 

[uptrendfinancialsignal]

This is a good news for cryptocurrency community in Brazil and it could cause a significant spike in the price of cryptocurrencies.