The director of Monetary Policy and future president of the Central Bank, Gabriel Galípolo, stated this Monday (2), that online betting, known as “bets”, is a relevant topic for the institution. He explained that the interest is in the effects that these activities have on family consumption and debt.
Although regulation is a responsibility of the Ministry of Treasury, Galípolo highlighted the importance of establishing institutional channels for sharing information.
During an event in São Paulo, Galípolo commented that betting, as well as cryptoactives, are located in areas that he referred to as “borders”.
“It’s important, it’s going to be a challenge for all of us who are on this side, regulation, compliance, how people can create instances where information is exchanged so that people can have a broader view”, he stated .
Cryptocurrency Regulation
The Central Bank of Brazil confirmed that it will publish the rules for the cryptocurrency market in the first half of 2025. Public consultations, including the one that addresses stablecoins, will end between February and March 2025.
Regulation will have a specific focus on stablecoins and companies that operate with these cryptocurrencies, aiming to create a safer and more innovative financial environment. The objective is to establish robust standards adapted to the Brazilian reality, learning from the market and international examples.
The regulatory proposal includes significant contributions from Anbima (Brazilian Association of Financial and Capital Market Entities), with guidelines that will impact areas such as exchange rate and market practices.
The regulation of stablecoins will focus on companies that operate with these cryptocurrencies. Thus, establishing standards for the use of stablecoins in the foreign exchange market, including the incidence of IOF and strict compliance requirements.
About the Central Bank
The Central Bank of Brazil is responsible for ensuring currency stability, controlling inflation and regulating the financial system. The institution plays an essential role in the country’s economic development, monitoring emerging themes such as financial technology and cryptoassets.
