According to an official letter announced by the Brazilian Central Bank in 2014, Betquin is not organized in Brazil. At that time, they explicitly stated that virtual currencies, as such, considered that CITCWEN not be treated in the same way as electronic transactions. They have warned the public that there is no power to issue behind encoded currencies and that price fluctuations can be very high, which carries significant commercial risks. However, the central bank of Brazil said they did not see Betcuain or other cryptocurrencies as a threat to the country's financial system. This view is contrary to the regulations in force in other South American countries.
However, Brazil has recently developed a new list about online gambling that has been the country's gray zone so far. In his bill, Senator Nogueira suggested that the Brazilian central bank to prevent the development of mechanisms of professional players in Brazil dealers with gambling sites abroad by credit or debit card or other electronic transfer card. Prohibit the game ban deposits and withdrawals. These Brazilian players, who want to continue playing online, will likely turn to the platforms that accept the Petequin deposits. As technically, due to the current regulation of cryptocurrencies, bitcoin will be exempted from the proposed gambling ban. This could significantly increase the volume of BRL / BTC trading pairs in the future if the bill is approved in the coming months.Bitcoin To Brazilian Real - Sell Cryptocurrency in Brazil
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