Brazil established the commission that will develop new regulation on cryptocurrency
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.