Brazil passes law to legalize crypto as a payment method
Cointelegraph
Published Nov 30, 2022 02:43AM ET
Updated Nov 30, 2022 04:20AM ET
While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country.
The Chamber of Deputies of Brazil, a federal legislative body, has passed a regulatory framework that legalizes the use of cryptocurrencies as a payment method within the country. While this makes significant progress for crypto within Brazil, the law still requires the signature of the president of Brazil for it to be enacted.
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Written By: Cointelegraph
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