Chamber approves bill regulating cryptocurrency operations

The Chamber of Deputies approved on Tuesday night (29) the bill that provides for the provision of virtual asset services (cryptocurrencies) to be regulated by a federal government body. The text goes to presidential sanction.

According to the text, legal entities that perform services such as the exchange, on behalf of third parties, of virtual currencies for national or foreign currency; exchange between one or more virtual assets; their transfers; custody or administration, even of instruments of control; and participation in financial services and provision of services in connection with an issuer offering or sale of virtual assets.

The plenary of the House followed the opinion of the rapporteur, Deputy Expedito Netto (PSD-RO), who accepted most of the changes made by the Senate in Bill 4401/21, authored by Deputy Aureo Ribeiro (Solidariedade-RJ).

A novelty in the Senate’s substitute text is the permission for public administration bodies and entities to maintain accounts in these companies and carry out operations with virtual assets and derivatives pursuant to Executive Branch regulations.

* With information from the Câmara de Notícias Agency

Source: CNN Brasil

You may also like

Traders switch to altcoins
Top News
David

Traders switch to altcoins

A decrease in the growth rate of inflation in the United States and the trade agreement between the States and