The legislation would also classify digital assets as an “investment asset class” in the country. While the framework bill represents a “huge step forward for cryptocurrency adoption,” it does fall shy of making Bitcoin an official legal currency in the country.
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Brazil Takes Big Step Forward with Digital Asset Classification Legislation
Brazilian lawmakers passed a new bill to allow Bitcoin to be used as a digital payment method, although the measure has not been signed into law yet. So reports Cryptoslate.
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