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Regulation of cryptocurrencies in the U.S. may speed up the process in Brazil

RIO DE JANEIRO, BRAZIL - US President Joe Biden signed an unprecedented decree regulating cryptocurrencies in early March. This decree will serve as a guideline for federal authorities to regulate the sector in the country.

According to what fintech expert Marcio Kogut, CEO of Mycon Consórcio Digital, said to the Estadão newspaper, the decision could spark a similar movement toward regulation in Brazil.

But what are the paths to regulating cryptocurrencies in Brazil?

According to the expert, the lack of regulation of cryptocurrencies unsettles investors and opens space for illegal practices such as tax evasion.

"Cryptocurrency leaves no traces . . .

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