Brazilian Congressman Calls for Hearing on Bitcoin Regulation

brazil, congress

Brazilian Congressman Manoel Junior has proposed a public hearing to discuss bitcoin and digital currency regulation.

The hearing, if held, would involve representatives from Banco Central do Brasil; the Receita Federal, the Brazilian tax enforcement agency; Conselho de Controle de Atividades Fiancerias, the country’s anti-fraud agency; and representatives of the local bitcoin industry.

CoinBR CEO Safiri Felix, the only company named in the official request, indicated that discussions about such a meeting have been ongoing since a report on the technology was released by the Brazilian Senate in December 2014. At the time, the report recommended bitcoin regulation was unnecessary.

Felix told CoinDesk:

“The government thinks that it’s time now to make this conversation deeper. We’re trying to get space to educate authorities to make sure we’re making a legal framework that doesn’t affect the implementation of bitcoin. We’re trying to learn from US and Canada and Europe to make a good legal framework for market development.”

Felix admitted to being part of early discussions on the meeting, which he suggested could be attended by experts from local universities and law firms.

The official letter from Congressman Junior elaborates further on the interests of the local government in the discussions. In particular, Junior

Read more ... source: TheBitcoinNews