Recent developments indicate that Brazil is increasingly positioning itself as a leader in Bitcoin and blockchain technology within the BRICS framework.

Members of the BRICS, composed of Brazil, Russia, India, China, Egypt and South Africa, view themselves as a counterbalance to the G7 in the global economy.

As BRICS nations increasingly look toward Bitcoin & digital currencies to create a new non-dollar based financial system, Brazil has a keen interest in understanding this evolving global financial landscape.

Tucked within the Official Gazette of the Union, the primary source for decisions of governmental bodies in Brazil, is evidence of this interest. Multiple…

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