The Brazilian Association of Crypto-economy (ABcripto) celebrates the opening of a public consultation by the Central Bank (Bacen) to regulate currency exchange transactions with virtual assets. The text in public consultation proposes rules for operations such as international transfers and payments made through virtual assets.
The regulation establishes that only institutions authorized to operate in the foreign exchange market and duly accredited to act as virtual asset service providers (VASPs) may offer these transactions, promoting greater control and oversight in the sector.
For ABcripto, the opening of the public consultation reaffirms the role of the Central Bank as a protagonist in building a regulatory environment, fundamental for the consolidation of the national market. The Association will actively participate in the process, just as it has done in other important public consultations, as conducted by the Securities and Exchange Commission (SEC) and by the Federal Revenue.
Regulation needs to be built collaboratively, ensuring that the rules are clear, safe and proportional to the risk of the activities. ABcripto is committed to contributing proposals that reflect the demands of the market and consumers, reinforcing confidence in the sector and promoting the sustainable development of digital assets in Brazil, affirms Bernardo Srur, CEO of the entity.
The public consultation of the Central Bank will be open until February 28, 2025, and ABcripto will encourage its members and other stakeholders to actively participate in this process, contributing to the advancement of democratic dialogue and to the construction of a safer and more efficient market.
