The Brazilian cryptocurrency regulatory bill may come into effect today, planning to allow public institutions to hold cryptocurrencies

ChainCatcher news, Brazil's cryptocurrency regulatory bill is set to take effect. The bill was approved by the House on November 30 and aims to regulate virtual asset providers. If Brazilian President Bolsonaro does not veto the bill before the 21st, it will automatically become law. The bill allows public institutions to hold cryptocurrencies, and the Central Bank of Brazil will become the regulatory body for the crypto industry. (source link)