Brazil’s weak economic growth and inflationary pressure have led to more than 13 million Brazilians currently out of work. The unemployment rate currently stands at 12.5%. While the country runs the risk of recession, cryptocurrency’s low barrier for entry and promise of large returns appeal to Brazilians. Bruno Peroni, chief sales officer at Atlas Quantum, told Cointelegraph:
A draft bill requiring public administrators to promote blockchain, as Cointelegraph Brazil reported, was filed by a group of 10 federal officials from different political parties and states in the lower house of the National Congress of Brazil on June 11.