Brazil is becoming more crypto-intensive, with President Lula appointing two civil servants to the Western Hemisphere Cryptocurrency Meeting in Panama.
The President of Brazil, Lula da Silva, has given the green light to two Brazilian civil servants to visit a major cryptocurrency gathering in Panama.
Brazil has Maria Fernanda Modesto Guimarães Lisboa of Piauí and Betina Alves Teixeira of Goiases to represent it at the Fourth Meeting of the Western Hemisphere Cryptocurrency Working Group, according to the official decree published on September 19, 2025.
This is happening in Panama City, September 22 through to the 26th of September, 2025, and is aimed at promoting the development of crypto-related policy and partnership in the Americas.
This name emphasizes the willingness of Brazil to participate in the dynamic digital asset arena.
The Brazilian government, led by Lula, is striving to establish Brazilian dominance over cryptocurrencies and cooperation at a hemispheric level.
Those two civil servants, involved in the international gathering, will be working under the National Secretariat of Public Security under the Ministry of Justice and Public Security.
They will not cost the government anything, including traveling expenses, which will only enhance the significance of this international gathering.
Brazil has been slowly developing its policy towards the regulation of cryptocurrencies. The existing administration has realized the disruptive power of blockchain technology and cryptocurrencies.
During his campaign, President Lula demanded regulatory systems that would work in line with the international regulations and policies against money laundering to better regulate digital assets.
The Panama incident gives Brazil an opportunity to cooperate with other nations within the Western Hemisphere.
It is focused on enhancing policies, exchanging best practices, and potentially organizing actions against criminal activities in the crypto realm.
Lula is sending two civil servants from the general security sector, signaling Brazil’s determination to be a very vocal participant in regional cryptocurrency formation.
The shift by Brazil occurs because most nations are becoming more concerned with cryptocurrencies, both regulation-wise and economically.
The interest shown by the government toward crypto markets is strategic, considering the number of companies in Brazil that already possess digital assets exceeding 12,000.
Panama is an important event in establishing international agreements, and the involvement of Brazil in Panama is a sign of the larger South American adoption of blockchain development.
The government’s participation in such international meetings indicates what could happen in the future, as the country may introduce new policies.
Since Brazil is an active participant, it might lead to the introduction of new policies and structures that can lead to additional investments and protection of risks.
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Highlights: The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand. The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones. The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand. On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks. BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity. On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1. BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand. The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones. BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark. Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.