Today it has been published the South American nation is preparing to vote on a cryptocurrency regulation bill which is expected to be presented to the Plenary of the Chamber of Deputies within the next few days. You can read about it here
What initially some thought it was just a minor (small economy) nation which would not make any difference in a global economy seems to have triggered the reaction of many other countries and this time we are talking about one of the biggest in South America.
Bill 2.303/15, which calls for the regulation of virtual currencies, was approved for presentation last week and if approved will make Bitcoin a legal tender in Brazil.
If the market charts were showing a nice bull (you can see yestarday's tweet from Raoul Pal) run for this last quarter of the year, this could be the final move to push the global crypto uptrend.
This is going to be fun, so fasten your seat belt !!!