“Brazil’s sinking real and quickening inflation are helping the country’s biggest bitcoin brokerage drum up buyers for the virtual currency. Brazil’s real has plunged 9.6 percent in the past three months against the dollar, making it difficult for policy makers to curb inflation despite the world’s biggest borrowing-cost increases. Inflation that accelerated to 5.91 percent in 2013, even after central bank President Alexandre Tombini said it would slow, is adding to Brazilians’ interest in bitcoin, a virtual currency that surged to $1,005 last week on trading platform Mt Gox, up from $15 about a year ago.”
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