Brazil’s National Congress has passed landmark legislation recognizing Bitcoin and other cryptocurrencies as legal methods of payment.
The new law provides a clear regulatory framework for the crypto industry, covering exchanges, asset custodians, and token issuers.
It also includes guidelines for anti-money laundering (AML) and consumer protection measures. The legislation is expected to boost crypto adoption in Brazil, where the use of digital assets for payments and investments has been steadily increasing.
With this new regulatory clarity, Brazil is positioning itself as a major player in the Latin American crypto market, encouraging innovation and international investment in the sector.
