Chamber of Deputies approves bill that regulates cryptocurrencies in Brazil

The text, which had been in the House for a few years, creates rules for companies in the crypto market and establishes supervised bodies for the sector. To become law the Senate must also approve the bill.

RIO DE JANEIRO, BRAZIL - Brazil is closer to having laws regulating the cryptocurrency sector in the country. Bill (PL) 2303/15, which deals with the subject, was approved on Wednesday (7) in a vote at the Chamber of Deputies. The text will now be sent to the Senate for a vote.

The bill has been in the House for several years and seemed to be on its way to a vote early last year when the pandemic changed the congressmen's schedule and delayed its advance.

PL 2303/15 creates a supervisory body to be appointed by the government, responsible . . .

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