Bill to RegulateCrypto in Brazil 🇧🇷 for the First Time Now Heads to Senate Vote

📣 Bill to #RegulateCrypto in #Brazil 🇧🇷 for the First Time Now Heads to Senate #Vote

👉 The #BrazilianSenate is set to vote on a bill that would make the country the largest country in #LatinAmerica to regulate #cryptocurrency.

👉 The crypto bill was unanimously approved by the Senate’s Economic Affairs Committee on #February 22, 2022 potentially increasing the chances that it will pass a vote on the Senate floor.

👉 The legislation states that the bill provides guidelines for the provision of virtual asset services. #BrazilianSenator Irajá Abreu said that he hopes the bill will restrict illegal crypto practices.

👉 #SenatorAbreu, who initially proposed the bill in 2019, also said that once this regulation is approved, the trend is that #crypto will be increasingly adopted by the general public.

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