Government spending 40% of GDP, and choosing where to spend it, government is the law, duty and obligation. Duty and obligation remained with its people.

The Brazilian government is aware of cryptocurrencies traded on exchanges such as Binance, as these platforms operate under the country’s regulations. However, there is no official public list of cryptocurrencies known to the government.

The IRS requires exchanges to declare transactions made, including the purchase and sale of cryptocurrencies ¹. In addition, Law No. 14,063/2020 establishes rules for trading cryptocurrencies in Brazil, including the mandatory registration of exchanges with the Central Bank.

The main cryptocurrency exchanges in Brazil include:

- *Binance*: one of the largest exchanges in the world, with over 350 cryptocurrencies available ¹.
- *Mercado Bitcoin*: one of the first cryptocurrency exchanges in Brazil, with a variety of cryptocurrencies available.
- *NovaDAX*: another popular exchange in Brazil, with a wide selection of cryptocurrencies.

It is important to note that the Brazilian government has taken steps to regulate the cryptocurrency market in the country! $BTC