As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike. 

It is soon to be decided whether the coming regulation triggered by FTX’s bankruptcy will bring a silver lining to crypto.

The Chamber of Deputies of Brazil, the lower house of the country’s federal legislative body, has passed a regulatory framework that legalizes the use of cryptocurrencies as a payment method within the country.

It is estimated that 10 million Brazilians, or about 5% of the population, trade crypto assets.

(by Inigo Vaca)