Brazil: President Jair Bolsonaro signs crypto bill into law
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Brazil’s President Jair Bolsonaro has signed the crypto bill into law, officially recognizing them as a legal payment method in the country. Brazil: president approves law on crypto regulation Jair Bolsonaro, Brazil’s president in office until 31 December 2022, has approved the law on the regulation of cryptocurrencies, recognizing them as a legal method of payment in the country. His signature comes after approval by Brazil’s Chamber of Deputies and Senate, and provides 180 days for companies in the sector to comply with the new rules. In the publication on 22 December in the Official Journal of the Brazilian federal
Brazil approves bitcoin and other cryptocurrencies as means of payment and prepares the ground for licensing crypto companies. According to the Brazilian federal government’s official journal, Brazilian president Jair Bolsonaro approved a bill into law on Dec. 23. President Bolsonaro implemented the legislation passed by Congress without any changes. The…
The Brazilian Securities and Exchange Commission (CVM) on Friday approved investment funds to hold crypto assets. On December 23, the Brazilian CVM approved the ability for investment funds to hold cryptocurrency assets. According to the regulator, funds will be allowed to operate in the crypto sector while paying attention to…