Post
Topic
Board Legal
Re: Cryptocurrency Law in Brazil
by
bmwister
on 03/02/2023, 14:27:03 UTC
https://portaldobitcoin.uol.com.br/lei-das-criptomoedas-e-aprovada-pela-camara-dos-deputados-e-vai-para-sancao-de-bolsonaro/
"The Chamber of Deputies approved, after seven years of debate, earlier this Tuesday evening (29) Bill (PL) 4,041/2021, which regulates the cryptocurrency market in Brazil. The text has been approved, dehydrated from the most controversial points and will now be sanctioned by the President of the Republic, Jair Bolsonaro."

This law on cryptocurrencies defines regulatory guidelines to guide information regulation, consumer protection and protection, combating financial crime and ensuring transparency in cryptocurrency transactions.

The text provides rules and guidelines both for the provision of services related to virtual assets and for the operation of cryptocurrency exchanges and brokers. According to the law, bodies appointed by the executive branch will authorize the activities of brokerage firms and determine which assets will be regulated.

I think this is a very good start.