{"id":74620,"date":"2026-06-27T07:36:29","date_gmt":"2026-06-27T07:36:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/electronic-money-or-digital-asset-brazil-sparks-intense-debate-over-stablecoin-regulation\/"},"modified":"2026-06-27T07:36:29","modified_gmt":"2026-06-27T07:36:29","slug":"electronic-money-or-digital-asset-brazil-sparks-intense-debate-over-stablecoin-regulation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/electronic-money-or-digital-asset-brazil-sparks-intense-debate-over-stablecoin-regulation\/","title":{"rendered":"Electronic Money or Digital Asset? Brazil Sparks Intense Debate Over Stablecoin Regulation"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Jadyel Alencar called a public hearing on Bill 4308\/2024 to determine Brazil\u2019s stablecoin regulation.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Abcripto urged keeping stablecoins as digital assets to shield the local market from EU-style rules.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Julia Rosin backed central bank oversight and opposed the electronic money taxonomy to align with international jurisdictions.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Brazil\u2019s Crypto Industry Opposes Stablecoin Designation As Virtual Currency<\/h2>\n<p>While <span>stablecoins<\/span> have become immensely popular in Brazil, regulation is still developing, spurring a debate on their possible classification as electronic money.<\/p>\n<p>While Bill 4308\/2024 was <a href=\"https:\/\/www.camara.leg.br\/proposicoesWeb\/prop_mostrarintegra?codteor=2818029&amp;filename=PL%204308\/2024\" target=\"_blank\" rel=\"noopener noreferrer\">introduced<\/a> in 2024 by Deputy Aureo Ribeiro to regulate <span>stablecoins<\/span> and their issuance and use in Brazil, Congress will <a href=\"https:\/\/www.camara.leg.br\/proposicoesWeb\/prop_mostrarintegra?codteor=3148151&amp;filename=Tramitacao-35-PL-4308-2024\" target=\"_blank\" rel=\"noopener noreferrer\">consider<\/a> this initiative in a public hearing at the request of Rapporteur Jadyel Alencar.<\/p>\n<p><\/p>\n<p>The hearing, which will have the presence of a representative from the central bank, a representative from Abcripto, and others, will allow deputies to obtain a qualified opinion for the analysis of the matter, ensuring that the eventual regulatory framework for <span>stablecoins<\/span> is capable of reconciling innovation, legal security, user protection, and economic development.<\/p>\n<p>Abcripto, the main <span>crypto<\/span> industry association in Brazil, introduced a technical note advocating for maintaining the current classification of <span>stablecoins<\/span> as digital assets, stressing that considering <span>stablecoins<\/span> as electronic money would introduce uncertainty and regulatory conflicts.<\/p>\n<p>The association believes that <span>stablecoins<\/span> should be under the oversight of the central bank, but without changing their classification. <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Stablecoin<\/a> issuers don\u2019t necessarily manage user funds and just issue and destroy tokens in creation-redemption processes. The organization argues that this differs from electronic money, which is currently regulated by Bill 12.865\/2013 and is treated differently.<\/p>\n<p>Julia Rosin, President of Abcripto, stressed that this is an opportunity for Brazil to align with global digital economy trends and avoid the pitfalls that jurisdictions that have chosen to classify <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> as electronic money, like the European Union, face.<\/p>\n<p><strong>\u201cOur contribution seeks to offer technical support for the improvement of the project, preserving legal certainty, innovation, and Brazil\u2019s ability to compete in an increasingly internationalized market, without compromising user protection and adequate regulatory oversight,\u201d<\/strong> she <a href=\"https:\/\/portaldobitcoin.uol.com.br\/abcripto-rebate-banco-central-e-defende-que-stablecoins-sejam-consideradas-ativos-virtuais\/\" target=\"_blank\" rel=\"noopener noreferrer\">declared<\/a>.<\/p>\n<p>Abcripto has maintained an active participation in the regulatory process around <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>, even <a href=\"https:\/\/news.bitcoin.com\/brazilian-crypto-industry-to-sue-if-government-pursues-stablecoin-taxation\/\">proposing<\/a> to sue the federal government if it establishes <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> taxation via decree back in January.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/electronic-money-or-digital-asset-brazil-sparks-intense-debate-over-stablecoin-regulation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Jadyel Alencar called a public hearing on Bill 4308\/2024 to determine Brazil\u2019s stablecoin regulation. Abcripto urged keeping stablecoins as digital assets to shield the local market from EU-style rules. Julia Rosin backed central bank oversight and opposed the electronic money taxonomy to align with international jurisdictions. [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":74621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74620"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74620"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74621"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}