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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.

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.

Read the full article from Cryptoslate.

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