Brazil Proposes Permanent Regulatory Framework Bill for Blockchain and Tokenization

TechFlow News, June 16: According to Livecoins, on June 8, Brazilian Federal Representative Lincoln Portela (PL-MG) submitted Bill No. 2901/2026, proposing the establishment of a “National Framework for Fintech and Digital Financial Platforms.” Key provisions of the bill include: establishing a “National Permanent Financial Sandbox” to provide a continuous testing environment for blockchain technologies and tokenized crypto assets; assigning regulatory oversight to the Central Bank of Brazil, with differentiated, low-barrier compliance standards for small- and medium-sized fintech startups; permitting companies to share network infrastructure and data to combat money laundering involving crypto assets; and introducing decentralized digital identity and biometric technologies to safeguard high-value transactions. Non-compliant entities may face fines of up to 20% of their annual profits and revenue. The bill is expected to be referred to the House Special Committee for review within the coming weeks.