Brazil’s only stock exchange, B3 to test the crypto-waters amid rising interest
ambcrypto.comBrazil’s regulators have been keeping a soft stance when it comes to the crypto sector. Recently, several proposals were introduced in Brazil’s Congress, aiming to achieve regulatory clarity in the crypto sector. Some of the suggestions reportedly included tax exemptions on renewable crypto mining, currency status of digital assets, and the role of the securities regulator as the crypto supervisor.
With that, crypto platforms have been expanding in the country. As per reports, Bybit trading platform has now started offering ‘crypto rentals’ in the form of staking to Brazilian users. Some time back, Latin American e-commerce giant MercadoPago announced that it will be offering crypto investments to its Brazilian customers.
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