Brazil Proposes Permanent Financial Sandbox for Blockchain and Tokenization Tests

According to Livecoins, on June 16, Brazilian federal deputy Lincoln Portela proposed bill No. 2.901/2026 to establish a permanent regulatory sandbox framework overseen by Brazil's central bank for blockchain technology and asset tokenization testing. The framework applies proportionate regulatory requirements based on company size, with simplified standards for small fintech startups, and prohibits bureaucratic obligations inconsistent with the digital nature of crypto-asset markets. The sandbox will cover financial flow tracking, AI credit applications, and programmable payment practices. Penalties for non-compliance can reach up to 20 percent of annual profits or revenue. The bill will be discussed in congressional committees.
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