Brazil to allow Crypto Payments throughout the country

Brazil passed the crypto vibe check

What's the news?

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New Framework

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Not a Legal Tender

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What it means?

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Brazil leading Latin America

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Stress for Regulations

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Also Read:

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We're on You Tube

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Brazil passed the crypto vibe check

Brazil passed the crypto vibe check

What's the news?

What's the news?

Brazil's Congress has passed the bill to make crypto payments legal throughout the country. A shot in arm for the crypto community.

New Framework

New Framework

The new regulatory framework will allow users to transact in digital currencies and receive rewards like frequent traveler rewards from airlines in cryptos.

Not a Legal Tender

Not a Legal Tender

The bill will allow citizens to purchase product & services using digital currency but it won't recognise crypto as a legal tender.

What it means?

What it means?

It means its upto the banks to offer digital payment services to its customers and not a compulsion to use crypto as a form of payment.

Brazil leading Latin America

Brazil leading Latin America

Brazil is leading Latin America in the race towards crypto adoption. Many banks are already offering crypto related services.

Stress for Regulations

Stress for Regulations

The announcement came days after FTX collapse. Countries are taking steps to regulate crypto market to avoid possible economic damage to their currencies.

Also Read:

Also Read:

1..Japan CBDC Plan

1..Japan CBDC Plan

2..GTA and in-game crypto

2..GTA and in-game crypto

3..India launches CBDC-R

3..India launches CBDC-R

We're on You Tube

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