The president of Brazil, Jair Bolsonaro, blamed Bitcoin for canceling an indigenous cryptocurrency project, despite not knowing what it is. And now he’s considering a South American ‘Euro.’ Cryptocurrency To Bank Brazil’s Unbanked The 45 million Brazilian Real ($11.5 million) project planned to introduce a cryptocurrency for use by the indigenous population, who remain largely unbanked has been suspended by the government. The cause? Criticism from Bolsonaro shortly after taking office. Bolsonaro is well knownRead MoreThe post What’s a Bitcoin? Brazil President Proposes a ‘Euro’ For South America appeared first on Bitcoinist.com.
