Lens1000
VIP Contributor
Cryptocurrency has made history again in Brazil. The country's senate passed the bitcoin regulation bill into law. This is the long awaited bill that should have been passed into law very long time ago.
A milestone was achieved when the senate president, Rodrigo Pacheco chaired the projects in the house of assembly. The bill will now allow cryptocurrency to be used in the country legally.
The cryptocurrency space is expanding its horizon across all the countries of the world in an alarming rate. If the growth around cryptocurrency should continue in this rate it will be on record that the cryptocurrency market would overtake the forex which is the largest financial market in the world. this could happen if the level of adoption that is seen around cryptocurrency continues in the same pace. The opportunity that most of the country saw in the future of cryptocurrency is the major reason for the adoption. However, the Brazilian government will have to make laws that will support the cryptocurrency community in the country . This is a good news in the crypto space and it will go a long way to affecting the market sentiment in the cryptocurrency market at large .
A milestone was achieved when the senate president, Rodrigo Pacheco chaired the projects in the house of assembly. The bill will now allow cryptocurrency to be used in the country legally.
The cryptocurrency space is expanding its horizon across all the countries of the world in an alarming rate. If the growth around cryptocurrency should continue in this rate it will be on record that the cryptocurrency market would overtake the forex which is the largest financial market in the world. this could happen if the level of adoption that is seen around cryptocurrency continues in the same pace. The opportunity that most of the country saw in the future of cryptocurrency is the major reason for the adoption. However, the Brazilian government will have to make laws that will support the cryptocurrency community in the country . This is a good news in the crypto space and it will go a long way to affecting the market sentiment in the cryptocurrency market at large .