Holpop News

The cryptocurrency bill was unanimously approved by the Senate Economic Affairs Committee on Feb. 22, potentially increasing the chances that it will pass a vote on the Senate floor. Once it is passed by the Senate and lower house, it will be sent to President Jair Bolsonaro for his signature.
The bill states that it contains “guidelines for the provision of virtual asset services.”
It also defines various aspects of what constitutes a virtual asset (VA), broker or exchange.
Senator Irajah Abreu proposed the bill in 2019. In a Feb. 22 interview with Bloomberg, he added the following:
“Once this bill is approved, the trend is that (cryptocurrency) will be increasingly used in supermarkets, in commerce, in car dealerships, etc.
If the bill passes, Brazil will become the largest country in Latin America to regulate cryptocurrencies.