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Will Brazil make bitcoin legal tender?

Bill 2.303/15, which calls for the regulation of virtual currencies, was approved for presentation last week. If it gets the thumbs up from the Chamber of Deputies this week, then Brazil looks set to follow El Salvador’s example and make Bitcoin legal tender.

Which country recognizes bitcoin as legal tender?

The Central African Republic is now the second country to do so in the last year. El Salvador was the first country to recognize Bitcoin as legal tender in June 2021 . Image source: Getty Images.

What is a bitcoin service provider in Brazil?

The bill seeks to regulate the establishment and operation of Bitcoin service providers in Brazil, defining such entities as those who provide cryptocurrency trading, transfer, custody, administration, or sale on behalf of a third party.

Will bitcoin become legal tender in 2022?

Bitcoin will be adopted as legal tender in three more countries in 2022, predicts the CEO of a game-changing global financial giant. Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER

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