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Author: Admin | 2025-04-28
Bitcovault teller machines for cryptocurrency exchanging: Bitcoin and Ethereum into fiat money (BR real, etc.) are reliable and flexible; they are manufactured by the company with a great experience in the field of fintech equipment and software development.It is worth noting that the software installed on Bitcoin ATMs produced by Bitcovault is developed by a team of developers inside the company, which ensures the reliability and flexibility of the whole crypto system. We have also developed our own crypto wallet called Payperless - which guarantees that we have a state-of-the-art team of developers and technical support for our product - Bitcoin machines in BR.Regulation of cryptocurrencies and crypto business in BrazilIn 2022, the Senate Committee on Economic Affairs unanimously approved a bill aimed at regulating the day-to-day use of bitcoin and cryptocurrency in financial transactions, as well as businesses related to bitcoin ATMs.According to an official statement, the Brazilian Senate Committee on Economic Affairs (CAE) approved a bill to recognize and regulate bitcoin and cryptocurrency markets in the country.The unanimous approval of CAE PL 3825/19, a bill created in 2019 by Senator Flavio Arns but developed jointly with the central bank, the securities exchange commission (CVM), and the federal tax authority (RFB), represents the first step for a bill that tries to create basic rules for the daily use of cryptocurrency in financial transactions and as an investment asset.The bill also provides tax incentives for the cryptocurrency mining industry. Businesses that purchase hardware and software to process, mine, or store
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