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The Brazilian President has signed a law for jurisdiction over the digital assets industry.
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The law will come into effect on June 20th, 2023.
Luiz Inacio Lula da Silva, the Brazilian President has signed a bill which will give the central bank and the security regulators jurisdiction over the virtual currency. Although, the rules were proposed in December which includes the clarity on digital assets, it supports and permits the payments in digital currency and sets out penalties to stop the fraud in this sector.
This bill legalizes payments made in digital currency and also penalizes firms that …
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