Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins

04/08/2025

‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

04/08/2025

Crypto Whales Are Selling Ethereum but Buying Cardano

04/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    ‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

    04/08/2025

    Record Bitcoin Prices Fail to Spark Search Frenzy, Google Trends Data Shows

    04/08/2025

    Bitcoin Hits New All-Time High Above $120K as U.S. Inflation Data Looms

    04/08/2025

    US Economy in a ‘Goldilocks-Like Equilibrium’ as Bitcoin Blasts Past $121K

    04/08/2025

    Crypto Whales Are Selling Ethereum but Buying Cardano

    04/08/2025

    Vitalik Buterin Explains How Ethereum Will Reach Millions Without Going Centralized

    04/08/2025

    Analyst Says ETH Could Hit $13K as Early as Q4, With $8K as His Conservative Target

    04/08/2025

    Expect New Record for Ethereum (ETH) by This Date!

    03/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    03/08/2025

    Ethereum Collections Lead NFT Sales Today

    03/08/2025

    how NFTs became a global brand and a Web3 “social currency”

    02/08/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins

    04/08/2025

    ‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

    04/08/2025

    Crypto Whales Are Selling Ethereum but Buying Cardano

    04/08/2025

    Expert Shares Fresh Timeline as SEC Yet To Withdraw Appeal

    04/08/2025
  • Blockchain

    Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins

    04/08/2025

    Xerpa AI Partners with Aro Network to Boost Decentralized AI Expansion

    04/08/2025

    MistTrack Ignites Crypto Revolution by Expanding to 18 Blockchain Networks with HashKey Chain

    04/08/2025

    Ice Open Network and CoreNet Forge New Path for Permissionless AI Access

    04/08/2025

    Adam Beck’s Blockstream Unveils Bitcoin-Powered, Liquid Network-Based Smart Contracts

    03/08/2025
  • DeFi

    Creative leverage solves the impermanent loss problem — Curve founder

    03/08/2025

    Lido wants to reduce its contributor teams’ workforce by 15%

    03/08/2025

    Spheron Adds Allora for No-Code AI Automation in DeFi

    03/08/2025

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    Chainlink introduces new pricing methodology for DEX-traded assets

    02/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure

    03/08/2025

    Can Trump Fire Fed Chair Jerome Powell—And What Does That Mean For Crypto?

    03/08/2025

    Strategy Reveals Another Stock Offering to Boost $71 Billion Bitcoin Stash

    03/08/2025

    Robinhood CEO Acknowledges OpenAI Crypto Stock ‘Controversy’—But Is Doubling Down

    03/08/2025

    Why Dave Portnoy Fumbled His XRP Bag Before the Boom

    03/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Wallet Launches DEX Pro Mode: Details

    03/08/2025

    Does Kraken’s fundraise value Binance above $100B?

    03/08/2025

    OKX’s $28.8b reserves are flawless. So why are Bitcoin holders fleeing?

    03/08/2025

    Coinbase outlooks are mixed ahead of Q2 earnings

    03/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Biggest Games Releasing in August 2025

    03/08/2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    02/08/2025

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    Bitcoin Miners’ Profit Margin Reaches Highest Level in Recent Times – What Does This Mean?

    04/08/2025

    Bitcoin Mining Is Tougher Than Ever — So Why Are Miners Smiling?

    04/08/2025

    Bitcoin mining difficulty hits all-time high

    03/08/2025

    Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving

    03/08/2025

    Expert Shares Fresh Timeline as SEC Yet To Withdraw Appeal

    04/08/2025

    Hong Kong to begin 6-month transition period for new stablecoin rules

    04/08/2025

    A Transformative Leap for Regulatory Clarity

    04/08/2025

    Donald Trump’s ‘Golden Age of Crypto’ Takes Shape With White House Working Group Report

    03/08/2025

    Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins

    04/08/2025

    ‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

    04/08/2025

    Crypto Whales Are Selling Ethereum but Buying Cardano

    04/08/2025

    Expert Shares Fresh Timeline as SEC Yet To Withdraw Appeal

    04/08/2025
  • MarketCap
NBTC News
Home»Legal»Brazilian Senate to Hold Public Hearing on Cryptocurrency Regulation
Legal

Brazilian Senate to Hold Public Hearing on Cryptocurrency Regulation

NBTCBy NBTC31/03/2025No Comments6 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Brazil is taking another step toward regulating the rapidly growing cryptocurrency market. The Brazilian Senate has announced plans to hold a public hearing on cryptocurrency regulation, signaling the country’s commitment to updating its laws. The hearing will focus on an important private member’s bill introduced by Senator Soraya Thronicke of the Podemos Party, which aims to regulate virtual assets services providers (VASPs). The bill proposes measures to address the fast-evolving digital economy and ensure greater transparency and protection for Brazilian crypto users.

Senators Call for Consultation with Experts and Industry Representatives

The public hearing, set to take place soon, will be hosted by the Senate’s Economic Affairs Committee. The hearing follows a call from Senator Rogerio Carvalho, the leader of the Partido dos Trabalhadores (PT) party, for a thorough consultation before advancing any legislation. Carvalho emphasized that Brazil’s crypto market has been growing at an accelerated rate and, as such, a detailed review of the proposed regulations is essential.

Carvalho, a supporter of President Lula’s government, underscored the need for a “technical, in-depth analysis” to ensure the new regulations would protect consumers and investors. He argued that a robust legal framework for cryptocurrency would bring much-needed legal certainty and transparency to the growing digital asset sector.

The Senate has invited four organizations to participate in the hearing, including two regulatory bodies, the Central Bank of Brazil (BCB) and the Securities and Exchange Commission (CVM). Two industry groups, the Brazilian Association of Cryptoeconomics (ABCripto) and the Brazilian Financial and Capital Markets Association (Anbima), will also be asked to provide their input.

The Scope of the Proposed Cryptocurrency Regulation

Senator Thronicke’s bill addresses various aspects of the cryptocurrency industry, including how digital assets are issued, held, and settled. The proposed law mandates that all cryptocurrency exchanges and brokerages operating in Brazil, including foreign-based platforms serving Brazilian residents, must apply for operating licenses. Thronicke’s goal is to ensure that exchanges keep customer and company funds separate, thereby increasing transparency and reducing the risk of fraud.

This new bill follows Thronicke’s previous attempts to introduce similar regulations in 2020, 2022, and 2024. Her latest proposal seeks to place further control over VASPs, effectively holding them accountable to the authorities and providing more oversight in the space. Thronicke has clarified that her primary aim is to bring more clarity and security to the sector. If passed, the bill could significantly alter how cryptocurrency exchanges and brokerages operate within the country.

New Requirements for Exchanges and Financial Institutions

One of the most discussed provisions of Thronicke’s bill is a rule that would force cryptocurrency exchanges in Brazil, including foreign platforms, to register with the National Register of Legal Entities (CNPJ). This step is part of a broader effort to integrate cryptocurrency operations into Brazil’s traditional financial regulations. The new measure would bring Brazil’s crypto sector closer in line with global standards for financial markets and improve the oversight of businesses operating in the industry.

In addition to the registration requirement, the bill includes a provision to segregate customer funds from those held by the exchange. This rule aims to protect customer funds and prevent the mixing of client assets with company resources. It also addresses concerns raised in the past about fraudulent activities and mismanagement by crypto exchanges. By enforcing this separation, the bill seeks to ensure greater accountability within the industry.

Brazil’s Growing Cryptocurrency Adoption and Challenges

Brazil’s crypto adoption rate has been on the rise in recent years. According to recent data, the country now ranks sixth in the world for crypto adoption, with approximately 12% of its population owning digital assets. A study by the exchange Bitso showed that the number of crypto exchange customers in Brazil rose by 6% recently, reflecting the growing interest in cryptocurrencies among the Brazilian public.

However, the country has also seen its share of challenges. An increasing number of fraud cases and regulatory challenges have accompanied the rapid expansion of the cryptocurrency market. These issues have heightened concerns among lawmakers and regulators, leading to calls for stronger regulation and consumer protection. In response, the Senate has recognized the need for new regulations to address these concerns and safeguard the interests of users and investors.

Stronger Oversight for Foreign Crypto Platforms

Another significant feature of Thronicke’s bill is that it requires foreign crypto platforms that serve Brazilian residents to comply with the country’s regulatory framework. This provision ensures that overseas exchanges are subject to the same rules as domestic platforms.

By holding foreign exchanges to the same standards, the bill aims to prevent evasion of Brazilian laws and ensure that Brazilian users are protected regardless of where the platform is based.

The integration of foreign exchanges into the Brazilian regulatory system is expected to enhance the overall safety of the crypto market. By requiring them to register with Brazilian authorities, the government can better monitor their activities and ensure compliance with national standards. This would also help reduce the risks posed by unregulated offshore platforms that often operate with little oversight.

Brazil’s Regulatory Progress and Global Position

Brazil has already established a foundation for cryptocurrency regulation with the passage of Law No. 14.478/2022. This law laid the groundwork for oversight of the crypto market in Brazil but lawmakers believe further updates are needed to address the rapid growth of the industry and the evolving landscape of digital assets. The country’s approach to cryptocurrency regulation aims to balance innovation with consumer protection, a challenging but necessary task as the sector matures.

In addition to the proposed bill, Brazil is also considering a new initiative that would allow employees to receive part of their salary in Bitcoin or other cryptocurrencies. This bill, introduced by Federal Deputy Luiz Philippe de Orleans e Bragança, aims to create a more formal framework for crypto payments in the labor market. Under the proposed law, workers would be able to receive up to 50% of their salary in digital assets, with the remaining portion paid in the country’s official currency, the Brazilian real.

If passed, the proposed regulations could serve as a model for other countries seeking to regulate the cryptocurrency sector. As the public hearing approaches, lawmakers and industry leaders will continue to discuss the most effective ways to regulate the crypto space. The outcome of these discussions will likely have a lasting impact on the direction of Brazil’s digital economy and its standing as a global leader in cryptocurrency adoption.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Expert Shares Fresh Timeline as SEC Yet To Withdraw Appeal

04/08/2025

Hong Kong to begin 6-month transition period for new stablecoin rules

04/08/2025

A Transformative Leap for Regulatory Clarity

04/08/2025

Donald Trump’s ‘Golden Age of Crypto’ Takes Shape With White House Working Group Report

03/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins

04/08/2025

‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

04/08/2025

Crypto Whales Are Selling Ethereum but Buying Cardano

04/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.