Paolo
Sat Jun 08 2024
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6 answers
1036
Is cryptocurrency legal in Brazil?｜Investments or payments in cryptocurrencies now must obey the Brazilian Penal Code, the Law on Prevention of Money Laundering, as well as the Law on Crimes Against the National Financial System. In other words, frauds and crimes will attract clear penalties according to the legal framework.
Is it lawful to engage in cryptocurrency activities in Brazil? Are investments or transactions involving digital currencies subject to any regulatory constraints? Do they need to adhere to specific legal provisions? I've heard that the Brazilian Penal Code, the Anti-Money Laundering Law, and the Law Pertaining to Offenses Against the National Financial System all apply to cryptocurrency-related activities. Does this mean that any fraudulent or criminal behavior in the realm of cryptocurrencies will be met with severe legal consequences?
