Regulatory scenario in Brazil
Brazil has approved the Cryptocurrency Legal Framework (Law 14.478/2022), which sets out basic rules for virtual asset service providers. The Central Bank has been designated as the primary regulator, and CVM supervises tokens that fall within the framework of securities.
Main regulatory risks
Changes in taxation:The government can raise taxes or create new reporting obligations at any time.
Prohibition of exchanges:Although unlikely in Brazil, some countries (such as China) banned exchanges and mining.
Classification of tokens:A token classified as a securities by CVM may have its trading restricted or prohibited.
Defi and Regulation:DeFi protocols operate in a regulatory grey zone. Future regulations may impact access to decentralized platforms.
The Global Regulatory Scene
US (SEC vs CFTC), Europe (MiCA), Asia (Hong Kong as a hub), each jurisdiction has a different approach. Regulations in major markets affect the price globally.
How to Protect
Keep detailed records of all transactions. Use regulated exchanges whenever possible. Diversify between jurisdictions. Have a share in self-custody. And track regulatory changes through trusted sources.