The cryptocurrency market in Brazil has been gaining more and more space and, as a result, the government decided to regulate the activities related to these assets.. The approval of Bill 4401/2021 by the Chamber in November 2022 regulates the use of crypto assets in Brazil, with the aim of offering more security to users and sanctions for illegal activities.
According to Fabiano Nagamatsu, CEO of Osten Moove, Investing in technological solutions is essential to democratize the virtual environment and mitigate risks for companies and individuals. Innovation, especially through technologies such as artificial intelligence and behavior analysisis key to identifying suspicious activity and ensuring the security of transactions.
An example of a company that already uses technologies for the security of cryptocurrency transactions is Blockpliance, which has analyzed more than 2 billion transactions for clients in countries such as the US, El Salvador, Brazil and Venezuela. Additionally, the Security Scores app allows users to rate a cryptocurrency before making a transaction.
In addition to security, the technology is also capable of predicting cryptocurrency values with a smaller margin of error, which could reduce potential risk for traders and increase profits. Algorithms can also identify patterns in historical price data, examine market sentiment, and project future value movements.
Artificial intelligence has gained space in the cryptocurrency market and many investment funds already use this technology. AI-based systems can handle large amounts of data and are less susceptible to bias. More accessible platforms, such as ChatGPT, can help companies in the most diverse processes in a revolutionary way.
“With creativity and good platforms, it is possible to create a secure environment to power endless possibilities for businesses and individuals, from entertainment to venture capital investment.. Artificial intelligence can be a strategic ally for investors, especially when it comes to controlling vulnerabilities and assertiveness in the decision-making process.. Now is the time to invest and be on the lookout for technology solutions like these to put your business ahead in the race for market and evolution.“Fabiano remarked.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.