Does Brazil allow crypto?

Does Brazil permit the use and trading of cryptocurrency? As a rapidly developing economy, Brazil's stance on digital currencies is often a subject of debate. Does the country's legal framework recognize crypto as a legitimate form of payment or asset? Are there any specific regulations governing its use in Brazil? Are individuals and businesses allowed to freely buy, sell, and hold crypto assets? Are there any restrictions or limitations that one should be aware of when engaging in crypto activities in Brazil? I'm eager to understand the intricacies of Brazil's crypto policy and how it impacts the broader financial ecosystem.