{"id":26820,"date":"2022-12-05T05:22:28","date_gmt":"2022-12-05T05:22:28","guid":{"rendered":"https:\/\/thebluemanakin.com\/blog\/brazil-approves-law-to-accept-cryptocurrencies-as-a-payment-method\/"},"modified":"2022-12-07T06:52:11","modified_gmt":"2022-12-07T06:52:11","slug":"brazil-approves-law-to-accept-cryptocurrencies-as-a-payment-method","status":"publish","type":"post","link":"https:\/\/thebluemanakin.com\/en\/blog\/brazil-approves-law-to-accept-cryptocurrencies-as-a-payment-method\/","title":{"rendered":"Brazil approves law to accept cryptocurrencies as a payment method"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Brazil does not yet handle Bitcoin as a legal currency, but it has left a better precedent as it has approved a law legalizing <a href=\"https:\/\/thebluemanakin.com\/en\/web-3-0-agency\/web-3-0-agency-development-services\/development-of-cryptocurrencies\/\">cryptocurrencies<\/a> as means of payment throughout the territory, giving a regulatory boost to the adoption of digital currencies and the extension of the ecosystem.<\/span><\/p><p>The Brazilian Chamber of Deputies approved a regulatory framework that legalizes the use of cryptocurrencies as means of payment in the territory.<\/p><h2 class=\"wp-block-heading\"><b>The first step towards a crypto world<\/b><\/h2><p><span style=\"font-weight: 400;\">The law is already approved and the only thing missing is the signature of the President of the Republic to be executed, it offers legal character to payments in <a href=\"https:\/\/thebluemanakin.com\/en\/web-3-0-agency\/web-3-0-agency-consulting-services\/crypto-consulting-agency\/\">cryptocurrencies<\/a> for goods and services, however, it does not provide them with the character of legal tender.<\/span><\/p><p>It is currently the territory with the most cryptocurrency ETFs in Latin America, and most of the nation&#8217;s major banks offer any type of exposure to cryptocurrency investments or similar services.<\/p><h2 class=\"wp-block-heading\"><b>Banks for the change to digital currencies<\/b><\/h2><p><span style=\"font-weight: 400;\">Until today, the public bodies with the most assignments in the area were the nation&#8217;s own Central Bank and the National Securities Commission. In addition, the law institutes rules for the performance of cryptocurrency barter platforms and <a href=\"https:\/\/thebluemanakin.com\/en\/crypto-marketing-en\/marketing-launch-cryptocurrency\/\">cryptocurrency<\/a> protection and management services by trusted third parties.<\/span><\/p><p>The law does not mention positions that are assigned to the issuance of a central bank digital currency, however, the territory has already carried out relevant advances in the matter.<\/p>","protected":false},"excerpt":{"rendered":"<p>Brazil does not yet handle Bitcoin as a legal currency, but it has left a better precedent as it has approved a law legalizing cryptocurrencies as means of payment throughout the territory, giving a regulatory boost to the adoption of digital currencies and the extension of the ecosystem. The Brazilian Chamber of Deputies approved a regulatory framework that legalizes the use of cryptocurrencies as means of payment in the territory. The first step towards a crypto world The law is already approved and the only thing missing is the signature of the President of the Republic to be executed, it offers legal character to payments in cryptocurrencies for goods and services, however, it does not provide them with the character of legal tender. It is currently the territory with the most cryptocurrency ETFs in Latin America, and most of the nation&#8217;s major banks offer any type of exposure to cryptocurrency investments or similar services. Banks for the change to digital currencies Until today, the public bodies with the most assignments in the area were the nation&#8217;s own Central Bank and the National Securities Commission. In addition, the law institutes rules for the performance of cryptocurrency barter platforms and cryptocurrency protection and management services by trusted third parties. The law does not mention positions that are assigned to the issuance of a central bank digital currency, however, the territory has already carried out relevant advances in the matter.<\/p>\n","protected":false},"author":6,"featured_media":26804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"ep_exclude_from_search":false,"footnotes":""},"categories":[106,474,557,51,52,369],"tags":[398,486],"class_list":["post-26820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas","category-cryptocurrencies","category-latest-news-en","category-latest-news","category-our-blog","category-our-blog-en","tag-criptomarketing-latam-en","tag-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazil approves law to accept cryptocurrencies as a payment method | Blue Manakin<\/title>\n<meta name=\"description\" content=\"The law is already approved and the only thing missing is the signature of the President of the Republic to be executed, it offers legal character to cryptocurrency payments for goods.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thebluemanakin.com\/en\/blog\/brazil-approves-law-to-accept-cryptocurrencies-as-a-payment-method\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil approves law to accept cryptocurrencies as a payment method | Blue Manakin\" \/>\n<meta property=\"og:description\" content=\"The law is already approved and the only thing missing is the signature of the President of the Republic to be executed, it offers legal character 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