While Brazil has not made Bitcoin (BTC) legal tender, as El Salvador did last year, the South American country has passed legislation making cryptocurrency payments legal throughout the country. The Brazilian Chamber of Deputies, a federal legislative body, has passed legislation legalising the use of cryptocurrencies as a payment method within the country. While this is a significant step forward for crypto in Brazil, the law still requires the signature of Brazil’s president before it can be implemented. The bill’s passage does not make any cryptocurrencies legal tender in the country. The bill, however, will include digital currencies and air mileage programmes in the definition of payment methods supervised by the country’s central bank.
