Brazil Implements New Cryptocurrency Regulation: Law Takes Effect on June 20th

The Brazilian #government has recently passed a new #law that aims to regulate cryptocurrencies within the country. This legislation is set to come into effect on Tuesday, June 20th. As per the new law, companies offering virtual asset services will be required to operate under the authorization and supervision of the #centralbank . This move is a significant step towards establishing a more structured and secure framework for cryptocurrency activities in Brazil.