Brazil’s Crypto Pro Regulation Bill Heading For Key Vote
The Brazilian crypto market has seen a lot of growth in recent months, and it looks like an ambitious private member’s bill could help regulate this booming business by the end of this June. MP’s will be voting next week Tuesday for whether or not they want to pass regulations that would provide more security […]
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In a step toward integrating crypto into the country’s financial framework, Brazilian federal deputy Eros Biondini introduced a bill to create a national Bitcoin reserve. Brazil’s Proposed Bitcoin Reserve Bill Filed on Monday, the legislation proposes the establishment of the Sovereign Strategic Bitcoin Reserve (RESBit), which is designed to diversify the financial assets of Brazil’s […]
A recently drafted piece of legislation covering bitcoin regulation and cryptocurrency activity oversight has advanced in the North Carolina Senate. The Commerce Committee already gave its stamp of approval to SB 680, which was originally filed in March and gained a majority 117-1 vote from the state's House of Representatives in May. This bitcoin regulation bill would give the state banking commissioner authority over money transmitting operations, which span bitcoin exchanges and virtual currency creators. Bitcoin Regulation Implications. While not as strict as New York's BitLicense, the....
The largest Latin American country could soon be the latest to regulate crypto, which lawmakers hope will increase its uses across the country. The Brazilian Senate is set to vote on a bill which would make the country the biggest in Latin America to regulate cryptocurrency. The crypto bill was unanimously approved by the Senate’s Economic Affairs Committee on Feb. 22, potentially increasing the chances that it will pass a vote on the Senate floor. Once passed by both the Senate and the lower house, it will be sent to President Jair Bolsonaro to be signed into law.The legislation states....
The Cryptocurrency and Regulation of Official Digital Currency Bill doesn't appear among the bills that India's lower house will consider as it concludes the winter session. The Indian government may still be considering a bill that could ban certain cryptocurrencies in the country, but lawmakers are unlikely to vote on any legislation in the current parliamentary session.According to a Friday publication, India's lower house of parliament, Lok Sabha, will likely not be looking at a bill proposing the prohibition of “all private cryptocurrencies” before its winter session ends on Thursday.....
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....