The President of the Brazilian Parliament confirmed that the cryptocurrency law will be on the parliamentary agenda this week and that the law is likely to be passed.
The Brazilian National Congress returned from its July recess this Monday. President of the Brazilian Parliament from the local press Poder360 In his meeting with the parliament, which returned from recess, One of this week’s agenda topics is cryptocurrency laws. He emphasized that he would. Although it is not clear whether the bill will be approved or not, it was emphasized that it will be on the agenda of the General Assembly. If the law is approved It will be presented to government executives for enforcement of rules for the industry.
across the country in Brazil almost two months before the elections. According to the general opinion, parliamentary representatives do not want to take decisions that will not be welcomed by their voters so close to the elections.
President of the Central Bank of Brazil at past meetings about cryptocurrencies Roberto Campos Neto, stated that it would not make sense to directly create rules on cryptocurrencies such as Bitcoin, since it is impossible to regulate the technology. More laws to come providing services and technologically interacting with Bitcoin It is planned to focus on official institutions.
If the bill is approved by the parliament, Making cryptocurrency mining legal across the country and mining farms 100% renewable energy to manufacturers using incentives such as tax exemptions is planned to be provided.
Members of Parliament said one of the biggest motivations behind the law was in the country. punishing cryptocurrency scammers states that it is. To this end, the project is related to crypto defines a new type of crime and envisages imposing heavy penalties for individuals and companies involved in such crimes.