Bitcoin (BTC) breaking new ground by accepting it as legal currency from El Salvador Then some countries started to debate whether to accept Bitcoin as legal currency.
In Turkey In some countries, as in cryptocurrencies Legislative work has begun.
In this context, a step related to cryptocurrencies is also from brazil came.
Brazilian Senate bitcoin and passed a bill regulating cryptocurrencies.
It was stated that the bill aims to establish the regulatory infrastructure for the digital asset industry in the country.
The bill was introduced by Senator Flávio Arns. For the bill to become law in the country, it must be approved by the House of Representatives and signed by the country’s president, Jair Bolsonaro.
Rodrigo Pacheco, who chaired the session where the bill was approved, said the following about the bill:
“I would like to congratulate Senator Arns, who presented the bill, for the approval of this important bill by the Senate General Assembly.”
If the bill is passed, the Brazilian government will regulate cryptocurrencies. The Securities and Exchange Commission (CVM) it will set up a new government agency in its place and take over the regulatory mandate from the CVM.
The bill also stated that crypto companies will be subject to the same responsibilities as other financial institutions within the scope of crimes against the country’s financial system.
The bill was originally proposed by MP Aureo Ribeiro in 2015. It was approved by combining the bill prepared by Riberio with the bill prepared by Senator Arns.
The bill to regulate cryptocurrencies in the country in February received approval from the economic affairs committee.