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Brazilian Party Proposes Bill to Restrict Bitcoin Mining and Tax Trading Activities

A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Brazilian Party Proposes Bill to Restrict Bitcoin Mining and Tax Trading Activities
A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a daily tax on these activities. Lula’s Party Bill to Establish Restrictions on Bitcoin Mining, Cryptocurrency Trading While Brazil already has a […]

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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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