Brazilian Law Now Permits Use of Cryptocurrencies as Payments

Although Brazil did not declare Bitcoin to be the legal currency, it took the further best action by allowing crypto to be used for payments nationwide. This gave the ecosystem’s growth and acceptance of digital currencies a legislative boost. Brazil Permits Use of Crypto as Payments The Chamber of Deputies of Brazil passed a legislative framework allowing the use of cryptocurrencies as forms of payment there. The agreement signed under the designation PL 4401/2021 allows the integration of digital money and frequent flyer miles in the description of payment arrangements subject to the control of the nation’s Central Bank. The The post Brazilian Law Now Permits Use of Cryptocurrencies as Payments appeared first on Cryptoknowmics-Crypto News and Media Platform .