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Crypto CEOs Chatting Up With Brazil’s Central Bank, Proposed Bill Under Process 

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  • Scheduled meetings signify towards the fact that there are continuous talks about crypto among the industry and the government. 
  • Recently, Crypto CEOs have had meetings scheduled with Brazil’s Central Bank President Roberto Campos Neto. 
  • Brazilian folks have more options as to where to trade crypto as more and more exchanges move into the market.

Chief Executives Officers (CEOs) from two cryptocurrency exchanges were to meet with Brazil’s Central bank President Roberto Campos Neto in the last few days. And this hinted that the talks between the industry and government are continuing. This comes even as the country awaits a new crypto regulation law for lawmakers to approve. 

As reported by a Brazilian Publication Portal Do Bitcoin, an official agenda highlighted a videoconference scheduled between Campos Neto and three executives from Binance on Friday afternoon to talk on institutional matters. 

Furthermore, Changpeng Zhao, Binance CEO, was listed as an attendee. Vice President of Government Relations, Latin America, Daniel Mangabeira, and vice-president of global expansion, Matt Schroder, were also there. The meeting was seemingly limited to the press. 

The publication also showed that Brian Armstrong, Coinbase CEO, and two other executives had a video meeting scheduled with Campos Neto. 

Coinbase and Binance, both of the significant crypto exchanges, have signified their interest in acquiring Brazilian companies. And they have been expanding in the area. 

Earlier, Bloomberg reported that Coinbase has been in talks with 2TM, Mercado Bitcoin Parent, about a potential expansion deal. 

Whereas Binance announced in mid-march that it would “explore” the acquisition of Sim;paul Investimentos, a Brazilian securities brokerage. 

This meeting comes following the popularity of a proposed crypto regulation bill. However, the bill is still in process and has to pass in Brazil’s lower house before reaching the President. The bill provides Brazil’s executive branch the ability to decide on which government entity would be in charge of regulating crypto companies. 

But despite all this, now the Brazilian folks have more options as to where to trade crypto as more and more exchanges move into the market. And banks are also starting to embrace digital assets. 

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