Brazilian Congressman Calls for Hearing on Bitcoin Regulation
Brazilian Congressman Manoel Junior has proposed a public hearing to discuss bitcoin and digital currency regulation. The hearing, if held, would involve representatives from Banco Central do Brasil; the Receita Federal, the Brazilian tax enforcement agency. Conselho de Controle de Atividades Fiancerias, the country's anti-fraud agency; and representatives of the local bitcoin industry. CoinBR CEO Safiri Felix, the only company named in the official request, indicated that discussions about such a meeting have been ongoing since a report on the technology was released by the Brazilian....
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A Brazilian deputy has requested the Finance and Taxation Committee to conduct a public hearing on Bitcoin, sources report. Manoel Junior, a congressman for the State of Paraiba, doesn't have a track record of speaking for/against the digital currency sector. His earlier public welfare initiatives were mostly focused on municipal and medical developments, showing no affiliation with the technology sector. The second-time elected politician however is backing a Bitcoin Exchange, coinBR, in their initiative to boost the Brazilian digital currency market. In his letter addressed to the....
Brazilian Bitcoin Regulation: A new study looking at the economic impact of Bitcoin on behalf of Brazil's Federal Senate has advised against the regulation of digital currencies - at least for now. The 18 page report by Cesar Rodrigues van der Laan has been hailed by some digital currency enthusiasts for recommending a 'Bitcoin friendly' approach to regulation, but at the same time presents a generally pessimistic analysis of Bitcoin's chances of future success within the Brazilian economy. "Given their limited current range, especially in Brazil, we do not see systemic risk to the....
Brazilian football legend Ronaldinho Gaúcho faces the looming possibility of detention as he becomes entangled in a cryptocurrency fraud investigation in his homeland. Accused of being associated with a pyramid scheme post-retirement, Ronaldinho’s involvement allegedly catalyzed financial losses for scores of investors who were swayed by his iconic status. Summoned by the Brazilian Chamber of […]
Brazil's House of Representatives held a hearing this week to discuss a bill that would give the country's central bank oversight of digital currency activity in the country. JusBrasil reported that, during the hearing, the head of Brazil's lead anti-money laundering agency, Antonio Gustavo Rodrigues of the Council for Financial Activities Control, advocated that the country work in tandem with both other countries as well as international organizations. The hearing was held by the lower house's Consumer Protection Committee, which is weighing a measure that would add virtual currencies to....