News and Opinion: November 30, 2022. Brazil Approved Regulation for Bitcoin

In Brazil, lawmakers have approved a bill that allows bitcoin to be a means of payment and investment. It is considered a "virtual representation of value". However, bitcoin has not been declared legal tender.

I believe this a step towards the mass usage of cryptocurrency. Brazil is the largest economy in South America and it is likely that other countries will follow its lead.

For further information, read this article

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.