Brazil Opens A Formal Inquiry Into The Country’s Rampant Cryptocurrency Scams

We got the congressional documents that explain why this is happening. Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil. Cointelegraph got access to a document that asks for a deep investigatigation into companies like Atlas Quantum (and CEO Rodrigo Marques), Zero10, and Trader Group, among others."Increasing interest in cryptocurrency transactions has been accompanied by a proliferation of fraud,” the document reads.…