Bitcoin as a means of payment in Brazil


Brazilian President Jair Bolsonaro has signed a law that establishes a complete regulatory framework for the trading and use of bitcoin (BTC) in the country. It will take effect in 180 days.

Now Brazilians will be able to use bitcoin as a means of payment and invest in it.

The Central Bank of Brazil will regulate the legal use of the crypto asset, and the country’s Securities and Exchange Commission will monitor when and by whom bitcoin is used as an investment asset.

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