Express
Brazilian Lawmaker Aims to Make Bitcoin a Legal 'Payment Currency'
Summary: Lawmakers in Brazil are working on establishing a regulatory framework that would make it easier to invest in Bitcoin and other cryptocurrencies while making it tougher on scammers and hackers. A bill that seeks to regulate Bitcoin and other cryptocurrencies is expected to go to the Chamber of Deputies for debate in the next few ...
Lawmakers in Brazil are working on establishing a regulatory framework that would make it easier to invest in Bitcoin and other cryptocurrencies while making it tougher on scammers and hackers. A bill that seeks to regulate Bitcoin and other cryptocurrencies is expected to go to the Chamber of Deputies for debate in the next few days.
Brazil’s legislature recently approved the draft of Bill 2.303 / 15, which seeks to regulate digital currencies. The bill was originally introduced by Deputy Expedito Netto. But now Deputy Aureo Ribeiro of the Solidariedade Party has proposed an updated draft that seeks to give Bitcoin legal status as a “payment currency” in the country. At the moment, Bitcoin is unregulated in Brazil and its use in commerce is discouraged. The new law, if passed, would give Bitcoin legal standing in the country for the first time.
By Amy Liu
Tags: Bill,Bitcoin,Brazilian,Payment Currency
Link: Brazilian Lawmaker Aims to Make Bitcoin a Legal 'Payment Currency' [Copy]
