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Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules
18.2.2023
The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and responsibilities for the Central Bank of Brazil and...
Brazilian Government Wants to Police Crypto and Train Prosecutors to Deal with Scams
30.11.2022
Brazil’s government will look to tighten its policing of the nation’s crypto sector. It has created a “working group” composed of top lawyers and prosecutors who have been tasked with drafting proposals for legal reform.
In an official announcement, the Public Ministry’s policy-making National...
Brazilian Development Bank Sets Deadline for Completion of Blockchain Network
20.4.2022
The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding...
Brazilian Government Forcing Higher Transparency and Auditability for Cryptocurrency Transactions
19.9.2019
Regulators all over the globe are worried about the future of cryptocurrency. The rapidly increasing value of Bitcoin might disrupt the dominance of fiat currency. Recently, the Brazilian government has targeted cryptocurrency and asked all the legalized crypto startups to provide more transparency...