The economic affairs committee of the Brazilian Senate has unanimously approved legislation to regulate cryptoassets, paving the way for votes in the upper and lower houses of Congress. If passed, the legislation will give the Banco Central do Brasil new powers to regulate the cryptoasset market. Antonio Marcos Fonte Guimarães, head of division, financial system regulation department at the Banco Central do Brasil, joins Patricia Haas Cleveland, OMFIF’s president of US operations, to discuss the regulation of virtual assets in Brazil. Taking in technological innovation, the democratisation of financial services and societal change, Guimarães will discuss the central bank’s focus, what they have found so far, the benefits of increased financial innovation and impacts on financial stability.
Antonio Marcos Fonte Guimarães, head of division, financial system regulation department at the Central Bank of Brazil
10:00-11:00 (New York)
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact firstname.lastname@example.org directly for membership details or register your interest below and we’ll be in touch.
This virtual discussion is part of the OMFIF Institute for Economic and Monetary Policy, OMFIF’s core stream of activities covering economic and monetary policy and the political economy. OMFIF is an independent think tank for central banking, economic policy and public investment, providing a neutral platform for best practice in worldwide public-private sector exchanges worldwide. For membership enquiries please contact Jamie.email@example.com, or for further information please see the OMFIF website.