The Brazilian Congress has the disposition of approving a definitive law to regulate cryptocurrency before Q2 ends.
Abreu has already combined three proposals, and he will ask the Senate for these two new proposals to be processed and approved jointly. Abreu stated:I’m doing everything in contact with the Chamber’s rapporteur, who did a very good job. The Central Bank’s technical team has also been very helpful. The texts are similar and will converge into one.
The senator believes that with a clear and established cryptocurrency legal framework adapted to the recommendations of the Financial Action Task Force , this sector will be more investor-friendly for those interested in Brazil. He explained:There is a market demand for a safer business environment and the need for criminal classification to avoid fraud, in addition to adjusting Brazil to international agreements.
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