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Brazilian Congress Fails To Discuss Proposed Cryptocurrency Bill This Week

08 August 2022 15:04, UTC
Anna Martynova

The Brazilian Congress failed to address a proposed cryptocurrency bill this week. While the proposed public policy was indeed on the agenda, the deputy chamber focused on discussing bills that tend to other issues, including health and digital education problems. The digital currency bill is scheduled to be discussed again in September.

Some parts of the cryptocurrency-focused bill have already been cut, including tax exemptions for green mining companies, as congressman Expedito NETTO stated that these matters should be addressed in subsequent laws that deal with clean energy issues.

Julien DUTRA, director of regulatory affairs at Mercado Bitcoin, urged the deputy chamber to allocate time to discuss the said bill. If the bill is delayed again in September, it is likely that its discussion and approval will be delayed until the general vote in October next year.

Image: The Cryptonomist