Brazilian lawmakers propose new bill to establish a permanent financial sandbox to support blockchain and tokenization testing

According to ChainCatcher, as reported by Livecoins, Brazilian Federal Deputy Lincoln Portela has proposed Bill No. 2,901/2026, suggesting the establishment of a national framework for fintech and digital financial platforms, with a permanent regulatory sandbox system for testing blockchain technology and asset tokenization, under the supervision of the Central Bank of Brazil.

The bill requires regulatory requirements to be proportional to company size, allowing simplified standards for small fintech startups, and prohibits the government from imposing bureaucracy or obligations that do not align with the digital nature of the crypto asset market. The sandbox test scope includes financial flow tracking, AI credit applications, and programmable payment practices.

The bill also allows companies to share network infrastructure and institutional adaptation databases, provided they comply with data protection regulations. The cooperation mechanism aims to combat financial crime in cryptocurrency trading, promote customer identification, and enhance cybersecurity.

The bill further proposes establishing a national system of integrity for digital finance to coordinate cyber regulatory actions and combat criminal networks that hide wealth through crypto assets. Fines for violating companies can reach up to 20% of their annual profits or revenue. The bill will be discussed in various House committees.