After an intense presidential election, it is finally the crypto pro Lula Da Silva who will be president of Brazil next January. This election is far from trivial, because from his campaign, the new Brazilian head of state was already campaigning for a common currency within Latin America. The Labor Party member has never denied the need for a single currency in South America. He considers that this strategy presents unsuspected development opportunities for each country.
Lula Da Silva dreams of a country turned to crypto to boost its economy
The race for the head of Brazil has been very tight between the ex-president in office Jair Bolsonaro and his opponent Luiz Inacio Da Silva (Lula), pro-crypto. It was finally in the second round that the two protagonists separated. According to Brazilian law, the new president should take office in January. Lula’s election has a special flavor for the crypto world. Indeed, the one who already led the country between 2003 and 2010 is a fan of crypto and keeps saying it.
On the sidelines of the election campaign, he said that crypto “deserves the attention of the authorities”. He went further by inviting the Central Bank of Brazil to establish a framework to facilitate the issuance of cryptos in the country. Moreover, it is also in accordance with international legislation relating to the fight against money laundering and all that would be illegal. In addition to his political posture, he is very close to the world of finance. He has very good relations with Henrique Mereilles, former central bank president. The latter is best known for the role of consultant he recently played within the Binance crypto exchange platform. Moreover, rumors predict him a possible position in the government of the future president.
Conclusion
To show his commitment to the crypto world, Lula is said to have registered his plan for the government on the blockchain. He was also complimentary towards the blockchain which he considers to be: “an innovative, incorruptible technology of records distributed by computers around the world that is also behind Bitcoin.”
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