Brazilian President Signs Bill Regulating Use Of Bitcoin As Pa | CryptoExplorer ✪

Brazilian President Signs Bill Regulating Use Of Bitcoin As Payment
Brazilian President Jair Bolsonaro signed a bill into law that establishes a complete regulatory framework for the trading and use of bitcoin in the country, according to the federal government’s official journal (DOU). President Bolsonaro enacted the bill approved by Congress without any modifications. As previously reported, the new rules recognize bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation. A virtual asset is "a digital representation of value that can be negotiated or transferred electronically and used for payments or as an investment," per the bill’s text. Read more