Nina Silva: Brazil needs to define bodies to oversee cryptocurrency operations

CNN Expert in Technology, Entrepreneurship and Diversity, Nina Silva, explained how the cryptocurrency market works in Brazil. Vacancies to work in the sector grew 395% in 2021.

“About 10 million Brazilians already have investments in cryptocurrencies, according to Coin MarketCap. On B3 – the Brazilian stock exchange – investment funds linked to Bitcoin and Ethereum were listed and reached many investors in the last year,” says Nina.

According to the expert, Real Digital, a currency that will be issued by the Central Bank (BC), may be launched in 2023. “The expectation that the project will use blockchain has inspired more investment in the area”, adds Nina Silva.

Despite the promising future, the high volatility of cryptocurrencies is known, points out Expert CNN: “In November last year, Bitcoin made history by reaching the $69,000 mark, but about a month later it dropped 30% in its value.”

LinkedIn data shows that vacancies in Bitcoin, blockchain and cryptocurrencies have increased by 395% in the United States, three times more than the rest of the tech industry.

In Brazil, the Senate Economic Affairs Committee approved one of the most promising proposals in the national cryptocurrency market.

“The substitutive text brings rules and guidelines for the provision of digital services and for the operation of brokerages. About regulation [do setor] the text understands that the crypto-asset is not a security and, therefore, is not subject to inspection by the CVM (Monetary Securities Commission) – the body responsible for supervising the stock market,” said Nina Silva.

“Therefore, it will be up to the Executive to define bodies to regulate and supervise operations with cryptocurrencies, in order to guarantee fundamental points such as free competition and free initiative, good management practices, protection of customer data, among others”, concluded the statement. specialist.

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Source: CNN Brasil

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