A federal deputy in Brazil’s Chamber of Deputies has requested a public hearing to examine the regulatory impact of a set of central bank resolutions covering virtual assets, including the use of stablecoins in the foreign exchange market.
Request filed Thursday
Murilo Galdino, federal deputy (REPUBLIC/PB), filed the request within the Chamber’s Finance and Taxation Committee on Thursday (12). The month and year were not specified. He asked the committee to debate the effects of Banco Central do Brasil resolutions numbered 519, 520, 521, 589 and 591, all concerning virtual assets.
Galdino said the hearing would be fundamental for the Chamber to contribute to a regulation of virtual assets that recognises their importance for the Brazilian market, provides the necessary legal certainty and is aligned with international best practices.
Entities named in the request
The request names several bodies with a stake in the matter, including SPSAVs, ABToken, ABCripto, ABRACAM, the Securities and Exchange Commission of Brazil (CVM), and two central bank departments, the Department of Prudential and Exchange Regulation (Dereg) and the Department of Financial System Regulation (Denor).
Among the rules under scrutiny is a provision setting a limit of $100,000 per transaction on international transfers of virtual assets carried out by SPSAVs.
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No date for the hearing has been confirmed in the request itself.
Related: France moves to tax crypto conversions into stablecoins at 31.4%
Source: Chamber of Deputies
