Brazil: Bill to recognise cryptocurrencies as means of payment
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Timeline of events
Implemented Law recognising cryptocurrency as a means of payment
On 19 June 2023, Brazil's Law 14.478/22, which provides a regulatory framework for the cryptocurrency market and outlines penalities in the case of virtual assets fraud or money laundering, was implemented 180 days after it was endorsed by the Presi…
SourceSigned Law recognising cryptocurrency as a means of payment
On 21 December 2022, Brazilian President Jair Bolsonaro endorsed the text for Law 14.478/22, which provides a regulatory framework for the cryptocurrency market and outlines penalities in the case of virtual assets fraud or money laundering. Accordi…
SourceAdopted Bill recognising cryptocurrency as a means of payment
On 29 November 2022, the Brazilian Congress passed Bill No 1600/2022 recognising cryptocurrency as a valid payment method under the supervision of the Brazilian Central Bank. In particular, the Bill provides that while crypto assets are not legal te…
SourceIntroduced bill No 1600/2022 recognising cryptocurrency as a means of payment
On 10 June 2022, draft law No 1600/2022 was introduced in the Brazilian House of Representatives, which aims to recognise cryptocurrencies as means of payment. The bill proposes to amend Article 835 of the Brazilian Code of Civil Procedure by adding…
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