Brazil President Michel Temer signs bill to regulate car-hailing apps like Uber

The new Brazil regulation dictates that drivers must have insurance coverage & must be registered as individual contributors in the social security system.

Brazil President Michel Temer on Monday signed into law a bill regulating car-hailing apps like Uber without vetoing any provisions.

Brazil's President Michel Temer. Reuters

Brazil's President Michel Temer. Reuters

The law will allow local governments to institute rules for the services, although Congress had voted to eliminate more stringent requirements such as special red plates for ride-hailing cars and that drivers must own their vehicles.

The new regulation dictates that drivers must have certain insurance coverage and must be registered as individual contributors in the social security system.

Uber Technologies Inc and competitors had praised the final version of the bill passed by Congress last month with Spain’s Cabify saying it “puts Brazil on the forefront of regulation for individual passenger transportation service apps.”

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