Share this article
Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any
Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.
By Danny Nelson
Updated Sep 14, 2021, 9:47 a.m. Published Aug 25, 2020, 7:31 p.m.
A Brazilian lawmaker has proposed a series of cryptocurrency business laws that would, if passed, bring long-sought legal clarity to Brazil's oft-ostracized and wholly unregulated crypto scene.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Senator Soraya Thronicke, a member of Brazil's Social Liberal Party, outlined on Monday rules for "virtual asset" businesses, custodians and issuers, consumer protections, crypto taxation, criminal enforcement and industry oversight in Brazil.
- Brazil's central bank, securities watchdog, tax agency and financial oversight board would all take on concrete supervisory roles for the nascent industry. Until now, their respective crypto actions have been scattershot at best.
- Pyramid schemers and crypto fraudsters would face new heat, too. Thronicke's draft law outlines stricter punishments and proposes amending Brazil's existing financial crimes laws to apply to crypto as well.
- Thronicke told Agencia Senado that her rules would effectively "extend the protection model already in force" for electronic currency services to cryptocurrencies.
- Brazilian cryptocurrency businesses have suffered from a lack of comprehensive crypto regulation, perhaps most notably through the banking sector's refusal to work with them.
- The legislation's passage "would mean a lot toward 'legalization and regulation' of the crypto economy" in Brazil, said Fernando de Magalhães Furlan, a former regulator who now lobbies for Brazil's crypto firms.
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Crypto Markets Today: Bitcoin Slips Back Toward Danger Zone Ahead of Fed Decision
Bitcoin surrendered gains from earlier in the week, fell back toward $90,000 as traders braced for Wednesday’s Federal Reserve rate decision.
Yang perlu diketahui:
- A 25 basis-point interest-rate cut has been priced in for weeks, and risk assets could drop on the news if no fresh catalysts emerge.
- Tokens like HYPE, STRK, QNT and KAS fell 6%–9% in 24 hours
- CoinMarketCap’s altcoin-season index sits at a cycle low of 18/100.
- Bitcoin is down 20% over 90 days and more than half of the top-100 tokens have fallen at least 40%. FET and TIA are among the worst performers while ZEC, DASH, BNB and BCH stand out as rare stabilizers.
Top Stories
