Recently, the Rodrix Digital channel received Rocelo Lopes, from SmartPay, and Carl Amorim, from BRI Brazil, to talk about Bitcoin, exchanges in Brazil, and state management.
Channel host Rodrix Digital explained: “The history of exchanges in Brazil has many names, André Horta from BitcoinToYou, which was one of the first exchanges to emerge in Brazil, is one of them. André, despite several unfounded accusations, remained in the cryptocurrency market together with other enthusiasts with the intention of spreading his work on cryptocurrencies. All these actions together gave life to a community that was looking for the evolution of a new crypto economy.”
“All this community is inherent to the system of economic complexity, capitalism. However, what should be companies competing with each other fairly and staying in the market by being competitive, has become a lobby where companies focused on buying and selling cryptocurrencies seek to stay in the market by eliminating competition via regulation. This attitude, which opposes the very nature of Bitcoin, is also contradictory when we understand that the provision of the Bitcoin buying and selling service has no borders”, he added later.
He also said: “The absence of borders and the lack of need to maintain a fiscal domicile in Brazil to operate here, opens the door to operationalize the activities of the exchange in the famous tax havens, where the legality of the activity allows a direct reduction of costs given the reduction of taxes and reduction of bureaucracy when negotiating. Bureaucracy is a stone in the rest of the economy of many countries. Companies that operate on the sidelines end up being negatively affected. Cryptocurrency, with its independence of fiscal domicile, ends up generating a need in countries to be more competitive and less bureaucratic”, he commented.
“So we have Bitcoin with a decentralized nature, where many countries are already operating to internationalize, however, the national companies, here in Brazil, because they are very well off, choose to remain in the market based on regulations. This type of entrepreneurial mentality is very similar to the time in Brazil where the industrial sectors were maintained for national protection, which ends up leading to the interpretation that the traditions of entrepreneurial activities in the past were inherited by today’s entrepreneurs”, he concluded. .
All this discussion was present in the last program of the Decentralized Debate on July 24. The full video can be seen below:
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