The Brazilian Crypto-Economy Association (ABcripto) celebrates the opening of a public consultation by the Central Bank (Bacen) to regulate foreign exchange transactions with virtual assets. The text under public consultation proposes rules for operations such as international transfers and payments made using virtual assets.
The regulation establishes that only institutions authorized to operate in the foreign exchange market and duly accredited to act as virtual transaction service providers (VASPs) may offer these transactions, promoting greater control and supervision in the sector.
For ABcripto, the opening of the public consultation reaffirms the Central Bank's role as a protagonist in building a regulatory environment that is fundamental to consolidating the national market. The Association will actively participate in the process, as it has done in other important public consultations, such as those conducted by the Securities and Exchange Commission (CVM) and the Federal Revenue Service.
“Regulation needs to be built collaboratively, ensuring that the rules are clear, secure, and proportionate 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,” says Bernardo Srur, CEO of the organization.
The Central Bank's public consultation 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 the construction of a safer and more efficient market.
