Log in

News

A new proposal suggests recognizing crypto as a legal financial asset in Brazil

Updated: Aug 31, 2024
Published: Jun 16, 2022
0
Share:

Brazil could recognize cryptocurrency as a legal payment method as a result of a newly proposed amendment to Brazilian law. The proposal also protects investors' private keys from getting seized by the courts.

Post Feature Image

Proposal to endorse crypto in Brazil

The latest bill proposed by the Federal Deputy of the country, Paulo Martins, suggests Brazil endorsing Bitcoin and other cryptocurrencies as a payment method. The detailed proposal is an amendment to Brazil's existing law - Article 835 of the Civil Procedure Code. 

While the proposed amendment does not necessarily mean that crypto will become legal tender in the country, it will make it easier for the asset class to be used "as a financial asset, means of exchange or payment, or instrument of access to goods and services or investment."

The bill is sent to Brazil's legislators, who will undertake discussions before the Senate passes it and the president signs it into law. Furthermore, the plan focuses on protecting users' private keys and offering new powers and limitations to Brazilian courts if the bill passes and crypto gets recognized as a financial asset.

A surge in crypto adoption

While it's too early to say whether Brazil will follow in El Salvador's footsteps to adopt Bitcoin as a legal tender, the current plan shows that the country is racing to regulate the crypto industry seriously as adoption hits a tipping point. The country is one of Latin America's hottest crypto markets. The volume of crypto trading in Brazil has increased dramatically in recent years. As a result, the country's federal judges are already receiving training on crypto-related issues in expectation of an increase in such court cases. 

The government is aiming to bring a crypto bill by year-end. In May, the biggest crypto exchange in Brazil, Mercado Bitcoin, partnered with the Stellar Development Foundation to help develop the country's central bank digital currency (CBDC).

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Update: The Latest on Our Top Meme Pick
PRO
Research Report
Update: The Latest on Our Top Meme ...This coin started as a meme but now it’s a movement. The diamond-hand community continues to grow, c...
12 min read
Oct 24, 2025