The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact of cryptocurrencies should be measured to avoid any adverse effects it might bring to the national economy
Lula Supports Central Bank Oversight on Crypto
The candidate that obtained most of the votes in the first voting round in Brazil’s presidential elections, Luis Inacio “Lula” Da Silva, has revealed his stance when it comes to crypto regulation in the country. Lula signaled his support to the Central Bank of Brazil, that according to him, would have to be responsible for building cryptocurrency regulations due to its autonomous character.
The candidate explained that this sector has grown immensely lately, making regulators turn their eyes to the issue. Lula stated this law framework should help to “...
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