According to CoinMeta, the Brazilian presidential election will be held on October 4th, and the results of the election will influence the country's crypto policy direction. If the current president, Lula, is re-elected, it is expected that regulations and compliance requirements will be strengthened. The central bank has already intensified its supervision of exchanges and is pushing for taxation on stablecoin transactions. If former president Jair Bolsonaro wins, his stance on cryptocurrencies is unclear; there are no records indicating that he has mentioned cryptocurrencies, but he has defended individuals associated with the Bitcoin Pharaoh Pyramid scam.