A new study commissioned for the Federal Senate of Brazil has actually looked for to examine how the spread of bitcoin and other digital currencies might influence Brazil’s economy, and whether official policy is required for the domestic market.
Authored by Cesar Rodrigues van der Laan, a researcher at Banco Central do Brasil, the 18-page file concludes that Brazil needs to not immediately control bitcoin, suggesting that there is insufficient activity in local markets to necessitate such rulemaking.
The paper goes on to highlight the diverse response regulatory authorities have taken to bitcoin around the globe, citing the position taken by Russia, which has actually taken active steps to prohibit bitcoin, and the US, where state regulatory authorities are looking for to establish a structure for the industry.Continue reading at
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