Connect with us
Brazil recognizes cryptocurrency as legal tender Brazil recognizes cryptocurrency as legal tender

News

Brazil recognizes cryptocurrency as legal tender

Published

on

The House of Representatives, after seven years of debate, approved a bill under the code PL 4401/2021, which regulates the cryptocurrency market in Brazil. The Senate approved the document back in April, since June it has been in the lower house of parliament and finally got to be signed by President Jair Bolsonaro (whose term expires on December 31, 2022).

Brazil recognizes cryptocurrency as legal tender

During the session, there were debates on changes to the bill introduced by the Senate. The author of the project, Aureo Ribeiro (Solidarity Party), was against a number of changes, arguing that they “clog the market.” Especially the item on segregation of assets, which was eventually approved by the House of Representatives. Ultimately, the law requires service providers to separate their own funds and client funds in order to avoid a collapse similar to that experienced by the FTX cryptocurrency exchange. The law also did not include a provision on tax incentives for miners (cryptocurrency miners). Finally, the paper notes the need for careful monitoring of the industry due to the potential use of cryptocurrencies by criminals.

The Law on Cryptocurrencies defines the regulatory guidelines that should be followed in the field of information regulation, consumer protection and protection, the fight against financial crimes and ensuring the transparency of transactions with cryptocurrencies.

The text contains rules and recommendations both for the provision of services related to virtual assets, and for the operation of cryptocurrency exchanges and brokers. According to the law, the authorities appointed by the executive branch will authorize the activities of brokerage firms and determine which assets will be regulated.

The document, awaiting the president’s signature, among other things, provides for the inclusion of virtual currencies and airline travel rewards in the definition of a “payment agreement” under the supervision of the country’s central bank.

Click to comment

Leave a Reply

Your email address will not be published.

News

The world’s smallest portable battery with a capacity of 20,000 mAh. Urbn Nano introduced

Published

on

The worlds smallest portable battery with a capacity of 20000

Portable batteries with a capacity of 20,000 mAh are usually quite large and heavy. But Urbn has created the smallest battery of this capacity on the market.

The world's smallest portable battery with a capacity of 20,000 mAh.  Urbn Nano introduced

The Nano model has dimensions of 108 x 69 x 28 mm and weighs 293 g. It supports 22.5 W charging and has USB-A ports and a pair of USB-C. It takes five hours to charge the element itself, but in half an hour half the capacity is gained.

The manufacturer talks about 12 protection systems and support for many standards, including PD 3.0, VOOC, Dahs, QC 3.0 and so on.

The world's smallest portable battery with a capacity of 20,000 mAh.  Urbn Nano introduced

The manufacturer also has a Nano model with a capacity of 10,000 mAh and dimensions of 53 x 87 x 30 mm and a weight of 173 g.

The younger model costs $18, and the older one costs $30.

Continue Reading

News

Google introduced Gemini – the ChatGPT “killer”

Published

on

Google introduced Gemini the ChatGPT killer

Google has officially announced the launch of its own artificial intelligence system, Gemini. According to Google CEO Sundar Pichai, who presented the latest development, Gemini 1.0 is currently the company’s most powerful and versatile AI model. He noted that the technology was originally created as multimodal: it can summarize, understand, combine and operate with various types of information, including text, code, audio, images and video.

Google introduced Gemini - the ChatGPT “killer”

According to the creators, Gemini AI is capable of extracting information from hundreds of thousands of documents through reading, filtering and understanding, this will help achieve real breakthroughs in the field of digital technologies in a variety of fields – from science to finance. Gemini is trained to recognize and understand text, images, audio and more simultaneously, so it better understands the nuances of information and can answer even complex questions. Also, the new AI model is capable of understanding and generating code in programming languages ​​such as Python, Java, C++ and Go.

A special feature of Gemini is its ability to work effectively on various types of equipment: from data processing centers (DPCs) to mobile devices. The Gemini 1.0 model will be implemented in several versions: Gemini Ultra – the largest and most powerful version for solving complex problems, Gemini Pro – a mid-level version for a wide range of tasks and Gemini Nano – a version for mobile devices.

As for using Gemini in Google products, the Bard AI chatbot has already received an enhanced version of Gemini Pro for more complex reasoning, planning, understanding, etc.; This is Bard’s biggest update since launch. Its new version will be available in English in more than 170 countries, and in the future it is planned to expand the geography and support of various languages. Gemini Nano will also be implemented in the Google Pixel 8 Pro smartphone, it will become the first mobile device to support this technology. In the coming months, Gemini support will appear in Search, Advertising, the Chrome browser and other Google services, the developers promise.

Continue Reading

Phones

India wants to follow the example of the EU to oblige everyone to switch to USB-C, but Apple really doesn’t like it. The company asks for an exception for older iPhones

Published

on

India wants to follow the example of the EU to

Apple has already switched its smartphones to USB-C port due to the latest EU laws, but now India wants to implement the same, and this is a problem for Apple.

India wants to follow the example of the EU to oblige everyone to switch to USB-C, but Apple really doesn’t like it.  The company asks for an exception for older iPhones

photo: Apple

According to Reuters, India also wants to oblige manufacturers to switch to a single USB-C standard and is currently negotiating with manufacturers to introduce this requirement in the country by June 2025. The source says all manufacturers agreed…except Apple.

The bottom line is that India may oblige manufacturers to convert all smartphones that will be sold in the country to USB-C from the moment the law comes into force. For Apple, this means that for India specifically, the iPhone 15 models already converted to USB-C are not enough – it is necessary to abandon Lightning for all other smartphones that will still be produced and sold in India by the summer of 2025.

Of course, Apple will not do this, since it is not practical for India alone. The company said that if the law is passed, it will be difficult to achieve production targets set under the Indian government’s manufacturing incentive scheme. The company is asking that older iPhone models be added to the list of exceptions so that the new law does not apply to them.

Continue Reading

Most Popular