Bitcoin: Brazil regulators approve BTC payments
Amidst the ongoing bear market, regulators from all across the globe have been scrutinizing the Bitcoin-led industry. Brazil, however, was taking a leap into the crypto -verse with its latest regulator y framework. According to a recent report, Brazil’s Chamber of Deputies went on to approve a bill that regulates the crypto -verse. This bill had previously attained a green signal from the Senate. However, the Chamber of Deputies remained silent about the same since April. At present, it requires the signature of President Jair Bolsonaro for it to become law. It should be noted that President Bolsonaro’s term ends on December 31, 2022. Through this approval, Bitcoin and its counterparts will reportedly be recognized as an asset with a value that can be employed for payments. JUST IN: 🇧🇷 Brazil lawmakers vote in favor of recognizing #Bitcoin as a means of payment. — Watcher.Guru (@WatcherGuru) November 30, 2022 This long-awaited crypto bi...