Brazil: New bill to acknowledge Bitcoin as financial assets

Brazil: New bill to acknowledge Bitcoin as financial assets
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  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
  • bitcoinBitcoin (BTC) $ 20,101.00 1.18%
  • ethereumEthereum (ETH) $ 1,094.83 4.87%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.07%
  • bnbBNB (BNB) $ 219.07 4.29%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • xrpXRP (XRP) $ 0.325670 3%
  • cardanoCardano (ADA) $ 0.463269 2.38%
  • solanaSolana (SOL) $ 32.98 7.37%
  • dogecoinDogecoin (DOGE) $ 0.068645 2.07%
ECONOMY

Brazil:New bill to acknowledge cryptocurrency as financial assets

Brazil has the latest bill proposing to add cryptocurrency as a payment option.

06/15/2022

Brazil: New bill to acknowledge cryptocurrency as financial assets

Federal Deputy of Brazil Paulo Martins presented a detailed proposal to authorize Bitcoin and other cryptocurrencies to become financial assets for several raisons d’être.

Brazil's legal proposal for cryptocurrency

Brazil is among the countries in Latin America with increasing crypto trading volumes. Now, the lawmakers pursue to finalize and pass the cryptocurrency bill by the end of the year.

In April this year, the Central Bank of Brazil announced that it would conduct a pilot test to establish its planned central bank digital currency (CBDC), the digital realm.

The bill does not exactly suggest making cryptocurrency legal tender in Brazil. It aims to revise the existing law of the country, known as Article 835 of the Civil Procedure Code. 

However, the legislators will hold the following proceeding to discuss the purpose that includes payment, exchange, or instrument of access to goods and services and investment.

Providing additional power and limitations to courts and protecting Brazilian users’ private keys are part of the legislative discussion. It involves legal actions to freeze exchange accounts.

“In the event that the debtor’s assets are not located, the creditor may request the competent court to issue an ex officio, by electronic means, to the intermediaries involved in operations with crypto assets, so that assets corresponding to the amount executed are blocked.”

By Marielle Petere Wozinga Staff

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