In the past few weeks, a special committee of the House of Representatives of Brazil approved the Bitcoin bill, leading many in the crypto community to believe that the country will follow the example of El Salvador and make Bitcoin the country’s legal tender. but it is not the truth. Not only does the bill fail to mention Bitcoin as legal tender, but Roberto Campos Neto, the governor of the Central Bank of Brazil, has repeatedly stated that making Bitcoin a legal tender in the country is not on his agenda. . The bill (PL 2303/15) was approved by a special committee of the House of Representatives on September 29, and has now been submitted to the plenary for deliberation. The Senate will soon follow, and the final step of the bill will be the deliberation of the President's Office. Contrary to rumors, the bill does not seek to make Bitcoin a legal tender in Brazil. On the contrary, it tries to strengthen the protection of investors through stricter supervision of companies participating in "encrypted assets" and supervision of service providers that provide transactions and custody of encrypted assets.

In the past few weeks, a special committee of the House of Representatives of Brazil approved the Bitcoin bill, leading many in the crypto community to believe that the country will follow the example of El Salvador and make Bitcoin the country’s legal tender. but it is not the truth. Not only does the bill fail to mention Bitcoin as legal tender, but Roberto Campos Neto, the governor of the Central Bank of Brazil, has repeatedly stated that making Bitcoin a legal tender in the country is not on his agenda. . The bill (PL 2303/15) was approved by a special committee of the House of Representatives on September 29, and has now been submitted to the plenary for deliberation. The Senate will soon follow, and the final step of the bill will be the deliberation of the President's Office. Contrary to rumors, the bill does not seek to make Bitcoin a legal tender in Brazil. On the contrary, it tries to strengthen the protection of investors through stricter supervision of companies participating in "encrypted assets" and supervision of service providers that provide transactions and custody of encrypted assets.