Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out – Regulation Bitcoin News

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Deputies voted to shed most of the changes that the Brazilian Senate had proposed, allowing the cryptocurrency law to be approved in a more general form.

due to the general elections realized last month, will now have to be ratified by president Jair Bolsonaro, who must sanction it before declaring it law.

We are voting on a historic matter. Today, the country is ahead of others when it regulates activity with digital assets. We have the support of the current government and the future government for the matter.due to the unknown stance that the government of president-elect Luis Inacio Lula Da Silva would have on the matter, with some deputies claiming that the bill might find resistance with the new government, which is slated to be inaugurated on January 1.

 

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Is it crypto friendly regulation or not? I think that countries with bad economy like Brazil should made usdt and btc a legal tender

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Brazil passes law to legalize crypto as a payment methodThe law allows the use of crypto assets as a means of payment but does not make Bitcoin or any other cryptos legal tender. Nice adoption The passing of the bill does not make any cryptocurrencies legal tender within the country. However, the bill will include digital currencies and air mileage programs in the definition of payment methods that are under the supervision of the country’s central bank. What’s the difference between allowing it as a payment method vs making it legal tender? How can you have one without the other?
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Brazilian Chamber of Deputies Approves Bill Regulating Crypto TransactionsBrazil's camaradeputados approved a bill on Tuesday regulating the crypto industry. The bill will require the approval of the executive branch before it becomes law. oalvespaulo reports camaradeputados oalvespaulo camaradeputados oalvespaulo Idex usd binance camaradeputados oalvespaulo Bigger news for xrp than BTC
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