Brazil's leading cryptocurrency exchange signed privacy policy to legalize cryptocurrency

On August 19, Cryptonews announced that some of Brazil's largest foreign exchange bureaus had agreed to establish and sign a self-government policy and had committed to using Know Your People, Product Use (KYC) and other conformities. Officials say it was started by Brazilian crypto economics association ABCripto to legalize the use of Brazilian cryptocurrencies. Cryptocurrency exchanges that have signed contracts include BitPreço, Foxbit, Mercado Bitcoin, NovaDax, and Ripio, which account for over 80% of all cryptocurrency trading volume in Brazil.