Brazilian Central Bank changes cryptocurrency classification

English Aug 27, 2019

On Monday, August 26, the Brazilian Central Bank announced that it will classify cryptocurrencies as "non-financial assets produced".

In addition, following IMF recommendation, they will also include buying and selling cryptocurrencies in the trade balance and categorizing mining activity as a production process.

Tags

Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.