A bill pending in the Chamber of Deputies proposes the regulation of the cryptocurrency market in Brazil. The text provides for the inspection of activities by a federal agency, rules for the accreditation of brokerages and specific punishment for crimes related to cryptocurrency transactions.
The need to establish rules comes after the growth of the digital asset market and a period of euphoria in the sector. At the end of last year, the sum of all cryptocurrencies reached a global value of approximately $3 trillion. But the uncertainties surrounding the safety of investments in virtual assets have contributed to great volatility in the crypto asset market, which has fallen to less than half of its value in November 2021.
In this episode of E Tem Mais, Carol Nogueira presents an overview of the reactions and details of the cryptocurrency regulation project in Brazil. To talk about the challenges in creating rules and control mechanisms in transactions with digital assets, the CEO of the Foxbit platform, João Canhada, and the lawyer Bernardo Kruel, specialist in financial and capital markets at the Stocche Forbes office, participate in this episode.
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