Take a fresh look at your lifestyle.

Close two cryptocurrency exchanges in Brazil


In America the cryptocurrency market has gained many followers and a lot of popularity. However, its regulations have also grown, and this was the case in Brazil with the implementation of the Normative Instruction 1888, and as a result the signatures Acesso Bitcoin and Latoex were closed.

Thanks to a set of threats of serious fines from the Department of Federal Revenue of Brazil closed these platforms. Normative Instruction 1888 stated that all transactions made by Brazilian exchanges must be reported monthly.

Instruction of Regulation 1888 in Cryptocurrencies

Because there is currently no legal regulation regarding cryptocurrencies in Brazil, for now the main regulation on cryptocurrencies comes from Normative Instruction 1888. These regulations were implemented by the Internal Revenue Service (IRS) last year, and entered effective as of August 1, 2019.

Despite the criticism generated by this measure, cryptocurrency operators who said they have begun to implement the changes. Similarly, they pointed out that the rules could represent a maturation of the market.

Thanks to a set of threats of serious fines from the Department of Federal Revenue of Brazil closed exchanges
Thanks to a set of threats of serious fines from the Department of Federal Revenue of Brazil closed exchanges

Projects under discussion

As noted above, there is currently no legislation for the cryptocurrency industry in Brazil. Therefore, the Brazilian National Congress is considering several proposals that would regulate the cryptocurrency exchanges that operate in the country.

Specifically, these are three options that they have on the table: bills 2303/2015, PL 3825/2019 and PL 3949/2019. However, all projects are still in the debate phase.

However, in the Chamber of Deputies, the main one is bill 2303/2015, and it was written by federal deputy Aureo Ribeiro. This project was archived at the end of 2018, as is common at the end of each legislature and returned to the agenda in March last year, when a special commission was also created to analyze it.

Then, in the Senate there is Bill PL 3825/2019, by Flávio Arns (Rede-PR), and PL 3949/2019, by Styvenson Valentim (Pode-RN). Both aim to define rules for the market, with a focus on investor protection and the rules that brokers must follow.

What is known about these three projects is that PL 3825/2019 would introduce penalties for “fraudulent and reckless management of cryptocurrency exchanges.” Then, PL 3949/2019 “would establish the conditions for the operation of encryption exchanges” and “define crimes against the national financial system.”

The following two tabs change content below.

Degree in Liberal Studies from the Metropolitan University. Lover of innovation and believer of technology for the future.

  1. sbfplay99 says

    certainly like your website but you have to check the spelling on quite a few of your posts.
    Many of them are rife with spelling issues and I find it very
    troublesome to inform the truth however I will certainly come back again.

  2. สมัคร สล็อตpg says

    Thanks for some other informative website. Where else may I am
    getting that kind of information written in such
    an ideal way? I’ve a project that I am simply now operating on, and I have been on the glance out for such

  3. Sports Betting says

    It is perfect time to make a few plans for the long run and it’s time to be happy.
    I’ve learn this post and if I may I want to counsel you some fascinating issues
    or advice. Perhaps you can write next articles relating to this article.
    I desire to read even more things approximately it!

    Feel free to visit my web-site :: Sports Betting

  4. สล็อต โจ๊กเกอร์888 says

    It’s going to be finish of mine day, however before
    end I am reading this impressive article to improve my know-how.

  5. casino online slot says

    It’s going to be ending of mine day, however before ending
    I am reading this fantastic post to improve my know-how.

    Also visit my blog post casino online slot

  6. เว็บพนัน ออนไลน์ เว็บตรง ไม่ผ่านเอเย่นต์ says

    I every time used to study post in news papers but now as I am a user of net thus from now I am using net for articles or reviews, thanks to web.

  7. Online Slots says

    It’s very simple to find out any matter on web as compared
    to textbooks, as I found this post at this web site.

    Have a look at my web site Online Slots

  8. Online Baccarat says

    You need to be a part of a contest for one of the best
    websites on the net. I will highly recommend this web site!

    My homepage; Online Baccarat

  9. Lucky Days says

    I’m more than happy to discover this website. I want to to thank
    you for ones time for this fantastic read!! I definitely savored every part of it and I have you saved as a favorite to look at
    new information in your site.

    My website – Lucky Days

  10. เครดิตฟรีไม่ต้องฝากไม่ต้องแชร์ says

    This design is wicked! You certainly know how to keep a reader amused.
    Between your wit and your videos, I was almost moved to start
    my own blog (well, almost…HaHa!) Wonderful job.

    I really enjoyed what you had to say, and more than that, how
    you presented it. Too cool!

  11. ปืนสั้นแก๊ส says

    Howdy would you mind stating which blog platform you’re working with?
    I’m going to start my own blog in the near future but I’m having
    a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different then most blogs and I’m looking
    for something completely unique. P.S Apologies for getting off-topic but I had
    to ask!

  12. jili games says

    Hi there to every one, as I am actually keen of reading this
    weblog’s post to be updated on a regular basis.
    It contains fastidious data.

  13. บาคาร่า ไม่มีขั้นต่ำ says

    Howdy! This post couldn’t be written any better! Going through this article reminds
    me of my previous roommate! He always kept talking about this.
    I am going to send this information to him. Pretty sure he will have a great read.

    Thanks for sharing!

  14. online casino games says

    I don’t even know how I ended up here, but I thought this post was good.

    I do not know who you are but definitely you’re going to a famous blogger if you
    are not already 😉 Cheers!

    Also visit my web site :: online casino games

  15. blog post examples says

    If you desire to grow your know-how simply keep visiting this web site and be updated with the latest news posted here.

  16. สล็อต 666 says

    If you want to take much from this piece of writing then you have to apply these
    strategies to your won website.

  17. บทความ says

    Awesome site you have here but I was curious
    about if you knew of any community forums that cover the same topics talked about here?
    I’d really like to be a part of community where I can get opinions from other knowledgeable individuals that share the same interest.

    If you have any recommendations, please let me know.

  18. luckdays says

    Hey there, I think your website might be having browser compatibility issues.
    When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping.
    I just wanted to give you a quick heads up! Other then that,
    terrific blog!

  19. สล็อตเครดิตฟรี ถอนได้จริง+ says

    I am regular visitor, how are you everybody? This piece of writing posted at this web page is really fastidious.

  20. luckydays says

    I’m really enjoying the design and layout of your site.
    It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did
    you hire out a designer to create your theme? Great work!

  21. เครดิตฟรี58บาท says

    Your means of describing everything in this post is in fact nice, all can without difficulty understand it,
    Thanks a lot.

  22. lucky spins says

    Yes! Finally someone writes about lucky spins.

  23. สล็อต666เครดิตฟรี says

    Thankfulness to my father who informed me concerning this blog,
    this blog is really remarkable.

  24. สล็อต 888 ฟรีเครดิต 50 says

    I do not know if it’s just me or if perhaps everybody else experiencing
    issues with your website. It looks like some of the text on your content are running off the screen. Can somebody else please provide feedback
    and let me know if this is happening to them as well?
    This may be a problem with my web browser because I’ve
    had this happen before. Thank you

  25. เว็บคาสิโนไม่ผ่านเอเย่นต์ says

    Thanks for your personal marvelous posting! I genuinely enjoyed reading it, you could be a great author.
    I will make certain to bookmark your blog and may come back very soon. I
    want to encourage one to continue your great job, have a nice evening!

  26. บาคาร่า 666 says

    I love what you guys are usually up too. Such clever work and reporting!
    Keep up the fantastic works guys I’ve added you guys to my personal blogroll.

  27. ขอรับเครดิตฟรี says

    I constantly spent my half an hour to read this web site’s articles or
    reviews daily along with a cup of coffee.

  28. ทางเข้าpg slotมือถือ says

    Yes! Finally someone writes about 10 อันดับ สล็อต PG

Leave A Reply

Your email address will not be published.