On March 25, 2021, the Brazilian Central Bank approved a resolution allowing the use of cryptocurrencies as a form of payment in the country. This decision, which takes effect in June 2021, allows individuals and businesses in Brazil to use cryptocurrencies for everyday transactions, such as buying goods and services. It also allows merchants to accept cryptocurrencies as payment for goods and services. This is a significant development for the cryptocurrency industry in Brazil, as it sets the stage for greater adoption of cryptocurrencies, such as Bitcoin, in the country. It is expected that this move will bring greater financial inclusion and innovation to the Brazilian market, as well as help to reduce the reliance on traditional financial institutions. It is also hoped that this decision will help to combat money laundering and other illicit financial activities.