Brazil aims to tighten penalties for crypto-related financial crimes

Brazil aims to tighten penalties for crypto-related financial crimes

The penalties are part of a new piece of legislation that also regulates crypto trading and payments. Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto.Brazil’s Special Committee of the Chamber of Deputies has approved a bill that significantly tightens penalties for financial crimes that employ cryptocurrencies like Bitcoin (BTC), according to an official announcement on Sept. 29.The latest regulatory amendments are part of bill 2303/15, increasing the size of the fines from....


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