Economy

Panel SA: Cryptocurrency market fears regulation will lock in new business

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Brokers that have profited from the cryptocurrency market fear that the approval of the bill that regulates the sector will put their business at risk by subjecting it to excessive regulation and new costs.

Last week, the Chamber of Deputies approved a bill by deputy Áureo Ribeiro (SD-RJ) on the subject, which was sent to the Senate for consideration, where it could be put to a vote next year.

The project paves the way for the trading of virtual currencies to be regulated by the Central Bank like other financial services, allowing companies to be inspected and taxed.

Rodrigo Batista, president of the Digitra platform, says that lawmakers cannot keep up with the technological evolution of the sector. “The ideal would be to do this when the market is more mature,” he says.

For the analyst Fernanda Guardian, from Levante Ideias de Investimentos, she thinks that the project can stop the development of the sector and its contribution to the elimination of financial intermediaries.

With Ricardo Balthazar (interim), Andressa Motter e Ana Paula Branco.

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bitcoincentral bankcryptoactivecryptocurrencyfinancial marketleafmonetary politicsregulation

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