Brazil’s Congress is set to look at several proposals around cryptocurrencies as per local reports. As part of the proposal, the central bank of the country is suggested as the main regulator to oversee the crypto market. However, the Brazilian Securities Commission (CVM) can also overlook certain aspects of the sector.
Apart from that, the report also indicated that cryptocurrencies should be regarded as currencies. As currently, Bitcoin (BTC) among other assets is akin to a commodity like
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