World Brazil legalizes cryptocurrencies as a means of payment
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in Brazil, cryptocurrencies are now legalized as a means of payment. Even if this is a big step, this has nothing to do with the introduction of Bitcoin as an official currency.Even if the past few weeks have given many regulatory questions, the crypto adoption continues to pick up speed worldwide. In Brazil, the Brazilian congress has now passed an that legalizes as a means of payment. The law must still be confirmed by the President. The Brazilian Chamber of Deputies approved a new legal framework that includes digital currencies and frequent flyer premiums of airlines (also known as "miles") in the definition of "payment agreements" under the supervision of the state's central bank. Brazil is considered an important location for the cryptocurrency market. After El Salvador introduced the as a legal means of payment, there were rumors about an introduction to Brazil. Brazil has most crypto ETFs throughout Latin America. [Crosslinks IDS = "1388429, 1356901"] The following legalization of the crypto values as a means of payment cannot be equated with the introduction as a legal means of payment. In El Salvador, retailers are obliged to accept Bitcoin as a means of payment if the technical conditions enable this. In Brazil, it is now only allowed to accept cryptocurrencies as a dealer. The draft law still has to be confirmed by the President. Banks could now offer crypto payment services through the new law could now start banks to offer crypto payment services. In general, this can make it easier to use cryptocurrencies for buying and selling ordinary goods. Crypto credit cards could also focus on significantly more. The Brazilian subsidiary of the Spanish Santander Bank has been experimenting with the custody of cryptocurrencies for a long time. Here, too, the bank could now offer significantly more extensive products in the coming months. Because so far no bank has developed a service for the handling of crypto payments. Brazil has made considerable progress in terms of regulation of cryptocurrencies and acceptance among investors. It is currently the country with the most crypto ETFs in Latin America, and most large banks and brokers in the country are currently offering some kind of commitment in cryptocurrency investments or similar services such as custody or token offers.
'It hurts my soul': Brazil's Bolsonaro ends post-election silence .
BRASILIA (Reuters) - Brazilian President Jair Bolsonaro broke his silence on Friday for the first time since his election defeat on Oct. 30 and spoke to supporters calling for a military coup to stop leftist President-elect Luiz Inacio Lula da Silva taking office. Bolsonaro said he had kept silent for almost 40 days, adding, "it hurts my soul." "Who decides where I go are you. Who decides which way the armed forces go are you," Bolsonaro told his supporters at the gates of the presidential residence. In his ambiguous comments, Bolsonaro did not endorse their call for a military intervention, but said the armed forces would respect Brazil's Constitution.