INSUBCONTINENT EXCLUSIVE:
paused crypto operations in 2023 because the rules in Brazil were unclear
Regulators have since made the laws more solid, giving businesses like PicPay the green light to safely offer crypto again.Today, more than
three million Brazilians report having crypto, and the country now ranks in the top ten worldwide for digital money use, according to
relying on stablecoins linked to the US dollar
For many, crypto has become a normal tool for saving money and sending payments.PicPay users can now buy and sell twelve different
cryptocurrencies, including Bitcoin and Ethereum, on the app
PicPay offers price alerts and zero fees on trades above 100 reais when starting.PicPay Brings Back Crypto Trading as Brazil Embraces
(Photo Internet reproduction)The company plans to roll out access step-by-step, prioritizing user security and regulatory compliance
Company officials say that strong customer demand pushed them to bring crypto trading back.Over a million PicPay users tried crypto trading
local rules for the crypto sector with a law passed in late 2022, aiming to protect users and support responsible innovation.This local
approach puts Brazil among a handful of countries shaping the digital finance world from the ground up
landscape.More Brazilians now use digital assets as part of their daily lives, and businesses are adapting
