Based on the news coming from that country, Brazil seems to be leading the charge when it comes to the cryptocurrency boom
rocking the South American markets. While the Latin American countries such as Venezuela fuel its crypto fever out of sheer economic necessity, Brazilian crypto scene seeks to break new financial and technological grounds.
In 2019, one Brazilian cryptocurrency exchange managed to win a legal battle
with a bank that had hoped to close its accounts. This was seen as an important victory at the time when the Brazilian government wants to rein in the crypto transactions and regulate the market at all costs.