Brazilian Bitcoin Regulation Not Needed Yet, Says Senate Report

Brazilian Bitcoin Regulation: A new study looking at the economic impact of Bitcoin on behalf of Brazil’s Federal Senate has advised against the regulation of digital currencies – at least for now.
The 18 page report by Cesar Rodrigues van der Laan has been hailed by some digital currency enthusiasts for recommending a ‘Bitcoin friendly’ approach to regulation, but at the same time presents a generally pessimistic analysis of Bitcoin’s chances of future success within the Brazilian economy.
‘Given their limited current range, especially in Brazil, we do not see systemic risk to the operation of the domestic economy,’ the report reads.

This post was published at NewsBTC on December 21, 2014.