Bitcoin may become legal tender in Brazil

'Bitcoin será moeda corrente no Brasil em breve', diz Dep. federal Aureo Ribeiro --Livecoins
https://livecoins.com.br/bitcoin-sera-moeda-corrente-no-brasil-em-breve/

Bitcoin set to become legal payment in Brazil
https://finance.yahoo.com/news/bitcoin-set-become-legal-payment-154644863.html

This was mentioned in an interview by center-leftist Atassut leader Aureo Ribeiro from the State of Rio de Janeiro. The interview is available on the official website of the Parliament, 'Câmara dos Deputados'.

In Brazil, many people are touching cryptocurrencies such as Bitcoin, but there is no law to regulate cryptocurrencies and it is not legally recognized as a currency. The 'Bitcoin bill' being promoted by Congressman Ribeiro can be said to be one of the steps to make virtual currency usable as legal tender by making money laundering using virtual currency a felony.

Already, the central bank and the Securities and Exchange Commission of Brazil have talked about the handling of cryptocurrencies, and if the bill passes the House of Representatives, it may be possible to buy houses, cars and even McDonald's hamburgers with Bitcoin. Said Ribeiro, the outlook.

In El Salvador, which established the world's first legal tender for Bitcoin, international remittances from people working overseas account for 20% of GDP, so that virtual currencies that do not require handling fees can be used. In that case, there was an advantage that the annual fee could be saved by 44 billion yen. However, some people wanted to continue using cash, and demonstrations took place on the day the law came into effect.

On the other hand, in Brazil, there is a survey result that 48% of the people agree to make Bitcoin legal tender.

Para 48% da população, Brasil deveria adotar o bitcoin como moeda oficial, diz pesquisa | Criptomoedas | Valor Investe
https://valorinveste.globo.com/mercados/cripto/noticia/2021/09/10/para-48-pontos-percentuais-da-populao-brasil-deveria-adotar-o-bitcoin-como-moeda-oficial- diz-pesquisa.ghtml

However, Valeria Garcia, a Brazilian lawyer and crypto investor, said, 'I don't think (fiat) is a good thing. The government wants to tax cryptocurrencies, so banks As a leader, I want to set the rules. '

Hi, I'm a lawyer from Brazil and I dont think its actually a good thing. They want to tax crypto and They want to the bank be the leader and say the rules. This were In discussion last week

— Valéria Garcia (@garotacrypto) October 4, 2021