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Chamber of Deputies promotes public consultation on cryptocurrencies
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THE Chamber of Deputies opened a public consultation to hear society’s opinion on the regulation of cryptocurrencies in Brazil. The initiative seeks to collect contributions for a bill complementary proposal that proposes clear rules for the digital assets sector.
Deputies and experts consider this movement essential to balance technological innovation and consumer protection.
The project, led by deputy Lafayette de Andrada, presents guidelines for organize the cryptocurrency market. Among the main points are rules for the issuance, marketing, operation and custody of digital assets.
Furthermore, the text establishes parameters for the operation of brokers, tokenizers and decentralized markets. This proposal also defines the role of regulatory bodies, such as the Central Bank and the Securities and Exchange Commission (CVM), in supervising the sector.
Cryptocurrency market: expected benefits
According to the deputy, the absence of specific regulation has generated legal uncertainty and the growth potential of this market in the country is limited.
The regulation seeks strengthen confidence in the market by ensuring greater transparency in operations. Furthermore, the project proposes measures to prevent abusive practices, such as market manipulation and money laundering.
For the ccryptocurrency brokersfor example, it will be mandatoryo keep client assets separate from the company’s assetsensuring greater security for investors.
Another highlight is the legal recognition of self-executing electronic contracts, the so-called “smart contracts“. These contracts have the potential to reduce costs and increase efficiency in various sectors, such as real estate and finance.
THE public consultation is open on the official website of the Chamber of Deputies. The population can access the project content and send their suggestions or criticisms to email (email protected) until December 20th. This step is essential to align the text with the real demands of society and ensure inclusive and efficient regulation.
Furthermore, recently, the Central Bank of Brazil announced that it should open a Public Consultation on rules for the stablecoins market with the possibility of charging IOF on operations with this type of asset.
Chamber of Deputies promotes public consultation on cryptocurrencies
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Chamber of Deputies promotes public consultation on cryptocurrencies
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Chamber of Deputies promotes public consultation on cryptocurrencies
