Brazil plans to adopt BTC as legal tender.
Greetings to all my dear readers and followers of this valuable community, today I will share a very important news for the world of cryptocurrencies and it is that Brazil apparently also has in its plans to establish BTC as legal tender, if achieved the South American country would join El Salvador as the countries that have decided to take the big step towards the digital economy.
The possibility of Brazil allowing BTC to become legal tender arises after a Brazilian congressman stated that if such a bill is passed, all Brazilians will be able to buy houses, cars and even McDonald's with BTC. All this comment made by the congressman has generated a real commotion and confusion as to whether this South American country would adopt BTC as legal tender. The congressman, whose name is Áureo Ribeiro, made these statements to the press and tried to compare a project of only four articles with what is happening in El Salvador.
We all know that El Salvador has become the first country in the world to allow BTC to be a legal tender, this situation has brought with it a series of positions and opinions from the civil society of that country and even from other countries in the world, the truth is that its president Nayib Bukele ignored everyone and allowed BTC to be used freely.
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However, there is a very marked difference between the two projects, since the Bitcoin Law approved in El Salvador allows the use of this cryptocurrency as a legal currency alongside the dollar, while the project being proposed in the South American country is still not clear what role the BTC will play in its economy. The project for the moment only establishes the inclusion of cryptocurrencies as payment methods and these will be under the supervision of the Central Bank of Brazil.
In conclusion, we can only wait for this project to be discussed and approved by the Brazilian Senate to be able to really see the scope it will have, what is certain is that cryptocurrencies, especially BTC, continue to gain ground in the economic and financial world, making many countries interested in including them in their economies and trying to grow economically.
Greetings @carlir, it is certainly good news, we will surely observe how other countries follow this same behavior that allows to address the shortcomings of the traditional economy. Good delivery
Greetings @carlir, one more country with real intentions to adopt the BTC as legal tender, more and more countries and people who want to adopt this type of economy, as is the decentralized economy, many countries have already realized all the benefits that this can generate in their economy, in order to meet the needs of a country, in addition, they know that it is an unstoppable economy, which is impossible to stop so it is preferable to join it, thanks for sharing this information.
Greetings @ carlir
I am sure that every day we will begin to hear the incorporation of more countries can accept cryptocurrencies to its economy in a legal way. The digital exchange and cryptocurrencies are occupying very important spaces with a very high volume that is already influencing many countries.
Thank you very much for sharing your publication
Greetings @dgalan, certainly every day more and more countries are thinking of adopting cryptocurrencies as part of their economy, because they know that in them is the future of the world economy.
Wow! BTC is gaining ground and recognition in countries and am sure it not going to stop until all countries in the world accept it as a legal tender.
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That's surely a great news @carlir
Thanks for sharing link to this post with me buddy
I think a lot of things depend on El Salvador's performance with Bitcoin in the next few years. If all goes well, we may be on the cusp of a new trend where countries pile into Bitcoin like nobody's business
Nice article :)) @carlir
This is great friend, it's mind blowing to know that Brazil is about taking the bold step of revolution El Salvador has taken by adopting bit coin as a legal tender😊, indeed cryptocurrency has a massive impact in the world at large and this is a massive one and I have this strong feelings that I n years from now BTC will be a legal tender in the world at large 🔥🔥🔥, thanks friend for this beautiful information it really gave me joy