Crypto industry boosters in Brazil are asking federal legislators to reactivate discussion and approval of the bill to regulate the cryptocurrency market, after the bankruptcy of the world’s second-largest crypto exchange in transaction volume.
The sudden downfall of Sam Bankman-Fried’s enterprise has raised major concerns about the management and trading of unregulated digital currencies for lawmakers, governments, and traders around the world, including Brazil.
The Good Side of the FTX Disaster
Roberto Dagnoni, CEO of 2TM, the parent company of Mercado Bitcoin, told Reuters that the law remained “kind of dormant” during the Brazilian electoral process that culminated in the victory of leftist Luiz Inácio Lula da Silva.
But consider that now the legal initiative must be on the agenda for discussion in Congress.
"If there is a good side (to the FTX disaster), it would be that it gets the law...
