Complete Story
 

02/23/2022

Today in Crypto: Brazilian Lawmakers Move Crypto Transactions Bill Along; UK's Luxury Furniture Retailer Sees Sales Boost From Crypto-Paying Consumers

PYMNTS.com

The Brazilian Senate’s economic affairs committee Tuesday (Feb. 22) approved a bill legitimizing crypto transactions, CoinDesk reported.

The bill was introduced by Sen. Flávio Arns and still has to be approved by the full Senate and the lower house. If approved, it will designate crypto companies as “virtual service providers” and keeps the Brazilian Securities and Exchange Commission from supervising crypto, save for initial coin offerings.

It will also let the Brazilian executive branch choose a crypto supervisor.

The bill, if approved, puts the executive branch in charge of authorizing crypto companies to operate, and they’ll have to report suspected money laundering.

Read more...

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information