September 29th was published
statement Chambers of Deputies of Brazil. It talks about tougher penalties for crimes related to the use of cryptocurrencies.
The amendments are part of bill 2303/15. He approves an increase in fines from one-third to two-thirds of the money laundered. In addition, it is proposed to increase the minimum prison sentence from three to four years, and the maximum from 10 to 16 years in addition to the fine. The bill will be discussed at a plenary session of the chamber.
MP Aureo Ribeiro stressed that this will help protect Brazilians from cryptocurrency fraud schemes. About 300,000 people have already been affected by “pyramid schemes with cryptocurrencies” in Rio de Janeiro. The deputy was optimistic about other aspects of the bill. These include the regulation of trade, storage, exchange of fiat money and payments.
In Brazil, they are actively involved in issues related to cryptocurrencies. In August, the President of Brazil’s Central Bank called for tighter controls over digital currencies in the country to allow the industry to develop fully.
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