Brazil legalizes crypto as a method of payment

Brazil’s Chamber of Deputies approved a regulatory framework legalizing the use of cryptocurrencies as means of payment in the country.

The law, which is already approved and only requires the signature of the President of the Republic to be enacted, gives legal status to payments in cryptocurrencies for goods and services. BTC reacted positively to the news, gaining over $500 and is currently trading at $16,800.