INTERVIEW 🎙️ Nicole Dyskant, Advisor to Mercado Bitcoin: How is the Crypto Market viewed in Brazil?
Channel: Beryl Elites
Date: 2023-12-20

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INTERVIEW 🎙️ featuring:
Nicole Dyskant, Advisor, Mercado Bitcoin
Tianxin Zhang, The Beryl Consulting Group

You are the Advisor of Mercado Bitcoin, the largest crypto Exchange in Brazil. How is Mercado Bitcoin viewing the current moment in Brazil?
❖ “We are seeing a very special moment in Brazil. Although, we could say it's a bear market, we prefer to see as a beaver market. Beaver grows in the winter, so we are growing and Brazil is actually growing pretty fast not only in terms of users, crypto adopters, investors, but also in terms of regulations. Institutional firms are coming into place. So in terms of investors since the pandemic we saw a lot of growth in terms of users. We achieved a mark of 4 million users in Brazil in May this year, and that figure is provided by the tax revenue authorities. That's all the registered transactions. Can you imagine the non-registered transactions? So, it's a lot of users coming into the space and I think that has to do with this regulation movement that we are seeing in Brazil.  We are seeing the country as a leader, as a hub for the Latin America, and maybe for the whole world. We are working with a crypto regulation, virtual asset service providers, which Mercado Bitcoin will apply into this category as an exchange.  So, we are seeing this rule probably will come first as a public consultation until the end of the year and hopefully next year it will come into force. Also, on the Brazilian Securities Exchange Commission side we are also having some improvements on the tokenization. Mercado Bitcoin has a platform for tokens and we are adopting to comply with the new guidance that came publicly in April. This year a lot of things are happening and we are very excited.”

Are you looking forward to expand internationally?
❖ “Definitely. So, the holding company from Bitcoin just acquired this year a virtual asset service provider in Portugal. We are looking to expand our operations internationally first through this European regulated firm. We keep our eyes open to other opportunities as well, internationally.“ 


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