Winner of the first round of the Brazilian government elections Presidential candidate Lulaargued that cryptocurrencies should be regulated.
The first round ended in Brazil, which spent a lot of time on the government change. first round Labor Party founding member Lula won . Press organs of the country have already started to announce that the new government will be Lula. Lula, who is running for government post in Brazil, stated that cryptocurrencies should be regulated.
Brazil Concentrates on Power Elections
Presidential candidate Lula mentioned cryptocurrencies in his statements. The nominee reported that he supports crypto regulatory efforts currently being conducted by the Brazilian Central Bank.
Lula, a founding member of the Labor Party, has been a supporter of digital asset regulations in the country. He wanted the Central Bank of Brazil to undertake all this work and left the responsibility to the bank. Lula also claimed that cryptocurrencies could harm the national economy. The candidate underlined the need for rapid review and regulation of digital assets to avoid this effect.
Lula, who won the first round of the power elections in Brazil, set his eyes on the crypto industry. He said that the growing and developing ecosystem should be under the control of the law so that it does not harm the country. Lula wants to examine the effects of cryptoassets on the national economy.
The Central Bank of Brazil had already planned several laws. The draft law, which cannot be fully implemented, is waiting for the new president. Soon, the country’s government may get serious about digital assets.
