Brazilian president signs crypto bill into law

According to the text of the bill, Brazil’s residents will not be able to use cryptocurrencies like Bitcoin as legal tender in the country, as is the case in El Salvador. However, the newly passed law includes many digital currencies under the definition of legal payment methods in Brazil.

It also establishes a licensing regime for virtual asset service providers and sets penalties for fraud using digital assets.which federal agency could be in charge of supervising crypto payments. However, like the United States, digital assets considered securities fall under the regulatory umbrella of Brazil’s Securities and Exchange Commission. The law also included provisions likely made in response to the collapse of FTX, requiring exchanges to distinguish between user and company assets.

Source: Law Daily Report (lawdailyreport.net)

Some digital currencies as legal payment methods but not including Bitcoin. Why wait for institutional adoption? Accept crypto payments for your products and services!

🔱Thank you, Brazil‼️ 🇧🇷

The city of Lugano is making BTC legal tender via Polygon. I feel like they are going to be next.

Jair Bolsonaro has signed a bill aimed at legalizing the use of crypto as a payment method within the country. The law includes many digital currencies under the definition of legal payment methods in Brazil and established a licensing regime for virtual asset service providers.

Adoption is getting more and more widespread.

Lugano adopted Tether as a legal tender and did not regret it. It was really the right decision. Brazil should also think about it. Tether is always ready for cooperation and mass adoption of crypto.

🔥🔥🔥🔥

this is good for bitcoin

adoption 😍😍

I wonder what tokens will fit under this

What the hell is web3 antivirus

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Classical music 2022: HGO, Houston Chamber Choir, ROCO brought sublime momentsThe Houston Symphony, with its collaboration with Common and farewell to Andres Orozco-Estrada, also provided high points.
Source: HoustonChron - 🏆 609. / 51 Read more »

Brazilian soccer legend Pelé’s cancer worsens, kidneys and heart affectedDoctors say Pelé’s cancer has advanced and that the 82-year-old Brazilian soccer great is under “elevated care” related to “kidney and cardiac dysfunctions.”
Source: usatodaysports - 🏆 454. / 53 Read more »

Brazilian soccer legend Pelé’s cancer worsens, kidneys and heart affectedThe Albert Einstein hospital in Sao Paulo said in a statement Wednesday that Pelé’s cancer has advanced and that the 82-year-old Brazilian soccer great is under “elevated care” related to “kidney and cardiac dysfunctions.” That's good 🙏🏾🕊️❤️
Source: USATODAY - 🏆 100. / 63 Read more »

Pelé's cancer worsens, Brazilian soccer legend now under 'elevated care'Doctors say Pele's health has worsened during his hospital stay to regulate his cancer medication. Sad to hear…learned a lot about soccer and him back in elementary school from a classmate who loved him and his sport..a true legend! 🙏🙏🙏
Source: FOX26Houston - 🏆 448. / 53 Read more »

Pele's health worsens as loved ones of Brazilian soccer legend rally to his bedsidePelé's loved ones rush to his bedside in Brazil, as the soccer icon's condition appears to worsen. The 82-year-old is receiving care related to “kidney and cardiac dysfunctions,' stemming from the cancer he's been fighting for over a year, doctors say. Sending positive thoughts to the greatest soccer ⚽ player ever. 🙏🙏 With God anything is possible pray for Pelé Soccer’s King
Source: NBCNews - 🏆 10. / 86 Read more »

Video shows 2018 protest, not Brazilian World Cup squad's busSocial media users are claiming a video shows people throwing objects at a bus carrying Brazil's national football team after the 2022 World Cup, where it was eliminated in a quarter-final match against Croatia. This is false; reverse image searches show the clip is from 2018, and Brazilian authorities told AFP it shows protesters attacking a vehicle they erroneously thought was carrying a former president.
Source: AFPFactCheck - 🏆 540. / 51 Read more »