2 years ago
Paulo Alves is simply a crypto exertion astatine InfoMoney, a starring fiscal quality work successful Brazil.
Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.
This nonfiction is adapted from CoinDesk Brasil, a concern betwixt CoinDesk and InfoMoney, 1 of Brazil's starring fiscal quality publications. Follow CoinDesk Brasil connected Twitter.
The Brazilian Senate plenary approved Tuesday nighttime a measure regulating crypto transactions.
The bill, introduced by Senator Flávio Arns, moves adjacent to the Brazilian Chamber of Deputies, which volition ballot connected the bill. If approved, the enforcement subdivision past has the powerfulness to veto it.
The substance creates the statement "virtual work providers" for crypto companies, which volition beryllium taxable to the aforesaid responsibilities arsenic different fiscal institutions for crimes against the Brazilian fiscal system.
If approved, the measure volition forestall the Brazilian Securities and Exchange Commission from overseeing the crypto market, but for archetypal coin offerings (ICO). In counterpart, it determines that the Brazilian enforcement subdivision volition designate an bureau to supervise the crypto sector.
The Brazilian Senate's economical affairs committee had approved Arns’ measure successful February, shelving 2 different crypto bills presented by senators Styvenson Valentim and Soraya Thronicke.
The measure besides creates a caller transgression carried retired with virtual assets, punishable by a punishment of betwixt 2 and six years successful prison. The archetypal substance projected a punishment of betwixt 4 and 8 years, but it was reduced aft a petition made by the Senate President, Rodrigo Pacheco.
This nonfiction was translated by Andrés Engler and edited by CoinDesk. The archetypal Portuguese tin beryllium recovered here.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Paulo Alves is simply a crypto exertion astatine InfoMoney, a starring fiscal quality work successful Brazil.
Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.
Paulo Alves is simply a crypto exertion astatine InfoMoney, a starring fiscal quality work successful Brazil.
Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.
Sign up for Money Reimagined, our play newsletter exploring the translation of worth successful the integer age.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 