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Brazil recognizes bitcoin as a form of payment

Photo: Getty Images

Carmen Cracknell

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The regulatory framework put in place comes after seven years of wrangling.

Brazil officially declared bitcoin as a form of payment on Tuesday. The news comes as the country’s lower House of Congress approved a bill backing more crypto regulation following the collapse of FTX.

Crypto news site The Block said the bill could reach the president’s desk following “a series

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