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Bill regulating cryptocurrencies in Brazil includes registration of brokerage firms

RIO DE JANEIRO, BRAZIL - The bill proposing the regulation of cryptocurrencies in Brazil has been under consideration since 2015 and has now undergone new changes. As shown in the opinion published on Wednesday, September 29, on the Chamber of Deputies' website, among these is the change that settles an issue that was in doubt among deputies: mileage plans.

The rapporteur considered that mileage plans are covered by current law and do not need new regulations, so they should not be considered as digital currencies.

The new text states: "We have determined that the provision of virtual assets services must comply . . .

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