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.
Estimated reading time: 0 minutes, 23 seconds
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.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Mar 26 2019
-
Written by FinTech News Brief Staff
The blockchain technology market is on pace to skyrocket through…
-
-
-
Jan 16 2020
-
Written by FinTech News Brief Staff
Representatives from the Reserve Bank of Australia said they are…
-