Brazil is in the process of becoming the leader of the crypto-currencies . At present, there is more accounts opening of crypto-currency trading than traditional brokerage accounts.
Brazil is a develop country. In fact, it may become a hive of cryptocurrency since there are some brazilian people that I know whom are getting part of crypto world. At present, they need to regulate cryptocurrency so that it will become legal in Brazil. As we know, USA is a cryptocurrency friendly and anytime, it may influence Brazil anytime.