According to the reports, Brazil’s President of the Chamber of Deputies, issued a call for forming the commission which will work on the new set of rules around the cryptocurrency. This commision is to be consist from 34 members and will propose the future regulation. The regulation is aiming to implement the rules of the Financial Action Task Force (FATF) on Cryptocurrency.
The Financial Action Task Force's rules will be officially presented at the G20 ministerial meeting this June in Tokyo.
The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the constant rise of the global network, we have witnessed many global services becoming widely accepted and in a way changing (by adding to) our experience of mutual interaction.