Brazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization, dubbed Associação Brasileira de Criptoeconomia (ABCripto) recently found out other companies created a “rival” association.
Headed by fintech firm Atlas Project, other crypto-related companies seemingly joined forces to create another organization, dubbed Associação Brasileira de Criptomoedas e Blockchain (ABCB).
According to local news outlet Portal do Bitcoin, the two projects seemingly have different takes on potential cryptocurrency regulations, but believe they should work together. Natalia Garcia, ABCripto’s vice president, revealed she recently found out about ABCB.