Rio Joins The Party, Brazil Passes Bill To Regulate Cryptocurrencies

Rio Joins The Party, Brazil Passes Bill To Regulate Cryptocurrencies

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 […]

Related News

Is Brazil Considering A Bitcoin Law? Here’s What The Bill Actually Says

If Bitcoin becomes legal tender in a massive country like Brazil, it would be monumental. However, is that plan really on the table? Here are the facts: 1.- A bill to regulate cryptocurrencies was discussed and approved in Brazil’s House of Representatives, but it still has a long way to go before it becomes law. 2.- The bill’s author, deputy Aureo Ribeiro, said in a recent interview that he wants cryptocurrencies to be legal tender in the country.  Related Reading | Ether EFT Gets Approval From Brazilian Securities Regulator The question is, are the two facts connected? That’s....

Brazil ’s Senate Committee Approves Bill To Regulate Cryptocurrencies. What Now?

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....

Brazil Takes First Step To Regulate Bitcoin

The Senate’s economic affairs committee unanimously approved a bill that seeks to regulate the day-to-day usage of bitcoin in financial transactions.

Panama Assembly Passes Bill Regulating Bitcoin, Crypto

After the president’s signature, the bill will regulate the usage of bitcoin as payment in the country.

Brazil’s Senate approves 'Bitcoin law' to regulate cryptocurrencies

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....