> As previously reported, the new rules recognize bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation.

This is huge, since Brazil is big country with an amazing potential.

beorange

Good news for shitcoins too. El Salvador or bust.

shyfire

...and that the stamp is even needed for the world to work.

People were using it anyway without permission from the government. They need to put their stamp of approval on it to maintain the illusion that they're still in control.