PT deputy says that the advancement of cryptocurrencies in Brazil "opened dangerous doors"
Merlong Solano's request in the Finance Committee seeks to discuss pyramid schemes and review the laws protecting the national financial system.
The advancement of the digital asset market and the emergence of new financial frauds have come onto the radar of the National Congress.#Binance
This is because, the federal deputy Merlong Solano, affiliated with the PT of Piauí, submitted a request to the Finance and Taxation Committee of the Chamber of Deputies, on Thursday (19).
The document calls for a public hearing to assess the current Brazilian legal framework aimed at addressing fraud and mitigating systemic risks.
In the justification presented to the other parliamentarians, the deputy argues that the National Financial System faces increasing complexity. This rapid transformation is driven by the digitization of services, the expansion of fintechs, and, notably, the strong growth of crypto-assets.
“Innovations such as crypto-assets open dangerous doors”
According to the text of the request, technological innovations and profound transformations also open dangerous doors in the system.
“However, such transformations also expand regulatory and operational vulnerabilities that can be exploited by criminal organizations and malicious agents,” justified the parliamentarian.