The volume of Brazilian cryptocurrency trading has exploded with Brazilians acquiring consistently USD350mn in bitcoin each month and over USD4bn year-to-date in 2021. With the adoption of bitcoin as the official currency of El Salvador, Brazilian authorities are looking at cryptos with increasing scrutiny. The Chamber brought together a panel of experts to explore the growth and role of cryptocurrencies in Brazil, including their use in the payment system, decentralized finance and exchanges, and cryptocurrencies as a unique asset class. We discussed the regulatory treatment of cryptos, including tax, securities, and banking – and examined how Brazilian regulation fits in and compares to international regulation, including that in the United States.

Please watch the highlight video of this informative and practical discussion.

Moderator:

Evan Koster, Partner, Hogan Lovells LLP

Speakers:

Fabio Araujo, Economist, Central Bank of Brazil

Pedro Eroles, Partner, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados LLP

Barbara Espir, Head of Legal, Bitso

Fabrício Tota, Director, Mercado Bitcoin

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Check out our highlights

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