Coinbase may be caught in the crypto regulatory crackdown in the U.S., but the company is finding plenty of friendly faces in Brazil.

On Tuesday, Coinbase introduced an app geared solely toward the Brazilian market, with customer support available in Portuguese 24/7, and integrating the revolutionary Pix digital payment system created by the government and launched in 2020. The next day, in the U.S., the company said it was served with a Wells notice from the Securities and Exchange Commission notifying the company of investigations into several offerings and continuing a string of regulatory warning shots fired at crypto firms in the U.S.

And while the U.S. is still debating policy around the industry, late last year Brazil's president signed a bill into law establishing regulatory framework for the trading and use of bitcoin.

(By Christiana Loureiro)