Brazil to legalize cryptocurrency payments

Brazil's proposed law does not seek to turn crypto into a legal tender but will legalize payments and investments. The law will not allow judges to access private keys to a self-custodial wallet.

RIO DE JANEIRO, BRAZIL - Brazilian lawmakers have prepared a new bill that aims to legalize cryptocurrencies as an investment and means of payment and protect private keys from being taken by the courts.

Federal deputy Paulo Martins presented the bill on June 10.

If approved, the bill will not only expand the legal uses of Bitcoin and other cryptocurrencies but will also manage the power the courts will have when confiscating cryptocurrencies from illegal activities.

The proposal, which will . . .

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