https://techmonitor.ai/policy/digital-economy/brazil-bitcoin-cryptocurrency

Reports broke this week that Brazil was poised to pass legislation recognising cryptocurrency bitcoin as legal tender. “Bitcoin will be currency in Brazil soon,” reported Livecoins, a Portuguese language crypto news website, quoting Brazil’s federal deputy Aureo Ribeiro as the source. Several bitcoin influencers echoed the ‘news’ on Twitter, and outlets such as Yahoo! Finance, Bitcoin News and Coin Rivet also picked it up. On Monday, the number of bitcoin trades skyrocketed, perhaps in part due to the impact the announcement had made in the crypto community.

— Lark Davis (@TheCryptoLark) October 4, 2021