Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment
A new bill presented in Brazil is trying to introduce bitcoin and other cryptocurrencies as an approved means of payment in the country. The bill, presented by Federal Deputy Paulo Martins, proposes to amend already existing regulations to include several dispositions that would allow cryptocurrency payments and investments to be officially supported. New Bill Proposes to Legalize Crypto for Payments in Brazil Brazil is one of the countries in Latam that has been making advancements when it comes to cryptocurrency regulation in the last year. Now, a new bill has been proposed in....
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After months of anticipation, Brazil has finally passed a bill establishing the country’s crypto framework. Before President Jair Bolsonaro puts the bill into law, it must be approved by the Chamber of Deputies. By the end of 2022, it is expected to be operational. Brazil’s Senate Passes Bill Into Law The most populous country in […]
Who’s one step closer to regulating cryptocurrency use? Brazil is. The Senate Committee, more specifically The Committee on Economic Affairs, settled on a bill. Its aim is to regulate crypto transactions in Brazil. For the bill to become law, it has to be approved in the Senate plenary and then by the Chamber of Deputies. If it goes through those two hoops, the law goes into effect 180 days after publication. Related Reading | Stablecoin Supply Near $200 Billion, Faster Growth Than Rest of Crypto Even though regulation still seems far away, it’s good to remember that the bill started....
It's a historic day for cryptocurrencies in Brazil, as the Senate has finally approved the country's first bill aimed at regulating the crypto market. The bill still needs to be approved in the Chamber of Deputies and then sanctioned by President Jair Bolsonaro. Brazil’s Senate has passed the country's first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry. The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the....
A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if approved, would introduce a central body to regulate all cryptocurrency brokerage activity — ostensibly the Central Bank of Brazil — and establish new penalties for crypto-related crimes.
Chamber of Deputies Passes New Crypto Bill in Brazil
The Chamber of Deputies of the Congress of Brazil has approved new proposed legislation that seeks to bring clarity to cryptocurrency regulation in the....
The first Bitcoin ETF in Latin America made its debut yesterday on the Brazil Stock Exchange. Presented by QR Capital, a Brazilian blockchain investment firm, the ETF seeks to simplify Bitcoin exposure for institutions and companies. The ETF was approved by Brazilian regulators and is currently trading with the QBTC11 ticker. Bitcoin ETF Makes It in Brazil The first Bitcoin ETF initiative in Latam is already listed on the Brazilian stock exchange. Conceived by QR Capital, a blockchain investment firm and asset manager, its objective is to simplify Bitcoin access for institutions. This....