Bitcoin is now on Brazilian regulators radar. Recently the Comissão de Valores Mobiliários, the Brazilian version of the US’s the Securities and Exchange Commission, ordered a Brazilian man to suspend the operations of his investment fund. Leandro César, an IT Consultant from Belo Horizonte, had setup a small (~US$4,500) investment fund denominated entirely in bitcoin.

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Bitcoin continues its international expansion. In May, Bitcoin caught on in China with a 700% volume increase and BitInstant customers in the US, Russia and Brazil were given 700,000 more locations to purchase bitcoins. Now Bitcoin Nordic, a new Denmark based exchange, is looking to expand into the North Africa and the Middle East market by accepting CashU, a popular payment option in the region.