Bitcoin is not a pyramid, but the environment is favorable, says Brazilian judge


A Brazilian judge said during an event this Friday (4th), in Minas Gerais, that bitcoin is not a pyramid scheme, but acknowledged that the environment where the digital currency is inserted is conducive to the emergence of financial fraud.

Promoted by the Minas Gerais Court of Justice (TJMG), the Innovation Seminar started last Thursday (3), with a face-to-face event for judicial employees, judges and the external public.

The main objective of the discussions was to train professionals in new technologies, one of the lectures on the topic of “Blockchain, Cryptocurrencies and Smart Contracts within the Judiciary

"WE HAVE TO END THIS IDEA THAT BITCOIN IS JUST A PYRAMID, IT'S JUST FINANCIAL FRAUD. IT'S OBVIOUS ENVIRONMENT FOR THAT, BECAUSE AS A VOLATILE CURRENCY IF YOU BUY BITCOIN TODAY TOMORROW IT MAY VALUE ITSELF 10 OR 20%. THIS IS AN ENVIRONMENT FOR PYRAMIDERS AND FRAUDERS TO ATTRACT THE ATTENTION OF THE POPULATION. THEREFORE, IT IS IMPORTANT TO LOOK FOR SECURE BROKERS TO OPERATE.”