Brazil moves forward with crypto legislation

Banco Central do Brasil

The economic affairs committee of the Brazilian Senate unanimously approved legislation to regulate crypto assets, paving the way for votes in the upper and lower houses of Congress.

If passed, the legislation will give the Central Bank of Brazil new powers to regulate the crypto asset market.

There is some debate over how many crypto investors operate in Brazil. Some estimates suggest there are more than 3.1 million traders registered with cryptocurrency exchanges in Brazil. Senator Irajá

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