Category: South America

As of the period leading up to 2023, Brazil presented a complex landscape regarding the regulation of cryptocurrencies. This environment was shaped by a combination of legislative action, regulatory agency guidance, and overarching legal principles that governed digital assets. General Regulatory Environment: Before specific regulations were introduced, the Brazilian...

Venezuela’s journey into the realm of digital currencies represents a significant chapter in the global finance and regulatory landscape. This journey is characterized by innovative approaches, legal challenges, and government initiatives. The Petro Cryptocurrency The Venezuelan government introduced the Petro, a state-backed cryptocurrency, in December 2017 under Presidential Decree...