The cryptocurrency regulation prepared in Brazil is expected to take effect at midnight local time today.
Government, regulating cryptocurrency service providers Two weeks ago, he had approved the draft law prepared for
Unless vetoed by President Jair Bolsonaro, the bill is automatically enacted will be. Bolsonaro, who lost the last election, will leave the presidency at the end of this year.
If this bill is implemented, public institutions will also free to buy cryptocurrencies will be.
Brazil has taken many steps in the field of digital payment technologies over the past few years. Thanks to the infrastructure called PIX established in the country free and instant payment a system has been established.
On the one hand, the Central Bank of Brazil central bank digital currency (CBDC) testing and plans to issue a digital currency in 2024.