The Brazilian House of Representatives may approve the cryptocurrency bill this week

[Brazilian House of Representatives May Approve Cryptocurrency Bill This Week] Jinse Finance reported that this week, the Brazilian House of Representatives may approve the cryptocurrency bill introduced earlier this year. According to federal government leader Ricardo Barros, the bill will be discussed, but there are still no reports of a possible vote as the House of Representatives will also discuss other bills.

The bill, approved by Brazil's Senate in April, aims to regulate cryptocurrency exchanges by creating a single regulator to deal with the issue. Likewise, the bill also legalizes cryptocurrency mining and creates tax-exempt rules for mining companies that propose green projects that use 100 percent renewable energy to build mining farms. (Bitcoin.com)

Other news:

Latin American digital payment company Ripio launches prepaid crypto card in Brazil: Jinse Finance reported that Latin American digital payment company Ripio CEO Sebastian Serrano said that Ripio has begun to launch a prepaid debit card in Brazil that allows payment with cryptocurrency, and Earn cashback rewards in Bitcoin. The company hopes to issue 250,000 cards by the end of the year, offering the product to its 1 million users in the South American country. The cards were developed in partnership with Visa. The card will allow payments in Brazil’s official currency, the Brazilian real, and 28 cryptocurrencies, the company said. Serrano said Ripio is considering increasing rewards in cryptocurrencies other than bitcoin.

The company also plans to launch the card in Argentina later this year, Serrano said, and does not rule out launching it in other countries where the company operates, such as Uruguay, Colombia, Mexico and Spain. (CoinDesk) [2022/8/24 12:44:09]

Brazilian government: Using blockchain is one of the goals to achieve the expansion of its digital government services: May 18 news, Brazil this week adopted Decree No. 10332/2020 to formulate its digital government strategy. Through this decree, the Brazilian government sets guidelines for the transformation of digital services, the unification of digital channels and the development of interoperability between systems. The main objectives of the strategy are to provide an intuitive and direct public digital service platform that facilitates the integration and interoperability of government databases, provides digital citizenship, and optimizes information technology infrastructure. Because the goals set are very suitable for the blockchain structure.

As such, the Brazilian government stated in an annex to Decree No. 10332, published on April 28, that the use of blockchain is one of its goals for the expansion of digital government services in Brazil. Furthermore, the document states that by 2022 at least nine data sets will be made available in federal public administration through blockchain solutions. Resources will be leveraged to create an interoperable federal government blockchain network through the use of accurate identification and secure algorithms. (Cointelegraph)[2020/5/18]

News | Sao Paulo, Brazil will use blockchain technology to register public works projects: The city government of Sao Paulo, Brazil will register public works projects through blockchain. The Municipal Infrastructure and Works Secretariat has signed a contract with the blockchain company Construtivo to implement a blockchain solution for the city hall. (cointelegraph) [2019/9/2]