The Brazilian Bitcoin law is very well seen, for example, by the government of Rio de Janeiro because it has shown interest in accepting Bitcoin and cryptocurrencies as a means of paying municipal taxes and taxi services.
Taking a look at the law according to cointelegraph, the law will penalize pyramid schemes, scammers and it is also mentioned about bitcoin mining.
https://cointelegraph.com/news/brazil-s-senate-approves-bitcoin-law-to-regulate-cryptocurrenciesBrazil's Bitcoin law will not be legal tender like that of El Salvador.
I believe that the Bitcoin law in Brazil will be successful because the country has a good mobile payment structure called PIX that can help Brazilians better adapt to the inclusion of bitcoin and cryptocurrencies.