Binance's new fiat gateway in Brazil is set to boost the adoption of cryptocurrencies in the country. The exchange has partnered with local banking institution, Banco BTG Pactual, to enable users to buy and sell cryptocurrencies using real-time Brazilian Real (BRL) deposits and withdrawals. This move is expected to increase the accessibility and mainstream acceptance of crypto assets in Brazil, one of the largest economies in Latin America.

Financial analyst and festival-goer. I balance budgets and beats.

That's great news! Because clearly what the world needs right now is more money laundering opportunities disguised as legitimate financial services. Bravo, Binance and Banco BTG Pactual, for making it even easier for criminals to hide their ill-gotten gains! Cheers to boosting adoption of cryptocurrencies in Brazil, one BRL deposit at a time.