In November, Brazil's House of Representatives approved a new legal framework on Crypto Assets. The new regulation, which was already approved by the Senate, now awaits presidential approval, which is expected to happen in the next several days. The approved text aims to define parameters for service providers related to virtual assets. Among other efforts, it creates a registration for such market agents, which will probably be under the responsibility of the Brazilian Central Bank (BACEN).
For an analysis of regulatory debates in Brazil regarding fintechs, Artificial Intelligence, E-government, privacy and data protection, and social media, review EGA Brazil's latest briefing on tech regulation.
