Brazils longawaited crypto bill inches to the finish line after seven years

After a series of legislative twists and turns spanning seven years, Brazil’s long-awaited crypto bill could finally reach the president’s desk. Brazil’s Chamber of Deputies voted on Tuesday to pass on a crypto regulation bill to Brazil’s president, Jair Bolsonaro, whose term ends on Dec. 31. The crypto regulation is to define digital assets and their service providers, as well as help guard against money laundering and fraud. The bill gained momentum after Brazil’s Senate approved a version of it in April, but slowed in the past few months as it sat in the Chamber of Deputies awaiting a decision after several points in the Senate version were stripped out.