A new bill in Brazil proposes the establishment of a permanent financial sandbox to support blockchain and tokenization testing
Svmuu News: Brazilian Congressman Lincoln Portela has introduced Bill No. 2,901/2026, proposing the establishment of a national framework for fintech and digital finance platforms. The bill calls for the creation of a permanent regulatory sandbox for testing blockchain technology and asset tokenization, to be overseen by the Central Bank of Brazil. The bill requires regulatory requirements to be proportionate to company size, allowing smaller fintech startups to apply simplified standards, and prohibits the government from imposing bureaucratic procedures or obligations that are inconsistent with the digital nature of the crypto asset market. The scope of sandbox testing includes financial flow tracking, AI-powered credit applications, and programmable payment practices. The bill also permits companies to share network infrastructure and institutional databases, provided they comply with data protection regulations. Cooperative mechanisms are established to combat financial crimes in cryptocurrency transactions, promote customer identification, and enhance cybersecurity.
Source:Odaily · Source Link
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