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The impacts of the fuel proposal on the economy and regulation on cryptocurrencies

The federal government officially announced on Monday (6) a proposal for the ICMS (Tax on the Circulation of Goods and Services) on fuels to be zeroed, with compensation to the states for the loss in revenue.

Through a Proposed Amendment to the Constitution (PEC), Bolsonaro stated that the measures could bring immediate effects to consumers.

Already the president of Central Bank (BC) , Roberto Campos Neto, participated in an event to discuss the digital financial system. From Pix to Open Finance, the BC is working on the consolidation of the transition and composition of an integrated financial system outside the traditional one, and Campos Neto is being consulted by monetary entities from other countries about the implementations in Brazil.

Now, the discussion is about the regulation of cryptocurrencies. The project that is in Congress creates a regulatory framework, establishing the guidelines, with the BC assuming the regulation for the autarchy to be responsible for complying with the rules.

Presented by Thais Herédia and Priscila Yasbek, the CNN Money presents a balance of news issues that influence markets, finances and the direction of society and power dynamics in Brazil and in the world.

Listen to the previous episode of CNN Money:

Episode 06/06 — Even with a 17% ICMS ceiling, fuel may not fall; tax waiver of states exceeds R$ 92 billion; and the deadlocks at Eletrobras

Also check out the other podcasts from CNN Brazil and subscribe to the channel on YouTube.

Source: CNN Brasil

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