$BTC scenario in Brazil:
In Brazil, the scenario has also been dynamic. Companies such as Companhia Energética de Minas Gerais (CEMIG) have announced the conversion of part of their cash reserves into Bitcoin, aiming to protect their assets against inflation and the devaluation of the real. In addition, Magazine Luiza announced that it will begin accepting Bitcoin as a form of payment on its online platform, initially for purchases over R$1,000, in partnership with Bitfy.
In the legislative sphere, the Brazilian Senate discussed a proposal to recognize Bitcoin as legal tender in the country. The project provides, among other measures, for the exemption of taxes on capital gains in transactions with Bitcoin, aiming to encourage its use. However, it faces resistance from sectors that fear that it will facilitate tax evasion and financing of illicit activities.
At the same time, the Federal Police dismantled a fraud scheme in Curitiba that used Bitcoin to launder money from criminal activities, highlighting the need to strengthen tracking and security mechanisms in the use of cryptocurrency.
These events reflect the growing relevance of Bitcoin in the Brazilian and global economic scenario, highlighting both opportunities and challenges associated with its adoption and regulation.
Source: Notícias Bitcoin
