Mijail Popov, analyst specialist in crypto assets at Americas Market Intelligence: “As in most countries where the adoption of cryptocurrencies is still on the rise, Brazil faces one of the biggest challenges when it comes to regulating this market, which is the need to adopt anti-fraud measures. Given the decentralized and anonymous nature of cryptocurrencies, it is a real challenge to find a balance between adequate regulation for the development of the business and the imposition of effective measures that allow the detection of evasive maneuvers of the legislation, including money laundering and the use of cryptocurrencies as a means of payment for illicit transactions. It will be very important for Brazil to generate the right incentives to promote the adoption of cryptocurrencies in a legal way (tax benefits, for example)…”