The government of the Brazilian Central Bank will know everything you have in Bitcoin - Bitcoin News

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Mauricio Moura, a current director of the Brazilian Central Bank, said that anonymity will not be a choice in the country in the country. The representative said that sooner or later all users would have their transactions identified by the government. These comments came at an event of the Institute of Professionals for the Prevention of Money Lundering and Terrorism Financing.

Brazilian central bank: "Anonymity is not an option"

Mauricio Moura, director of citizenship relationships and behavioral supervision at the Brazilian central bank, that the upcoming regulation in the country Could ban cryptocurrency transactions. Moura explained that the central bank is currently working together with the Brazilian securities supervisory authority to achieve this goal. He defined:

I can't say much. But the names of those involved in cryptocurrency operations will be known throughout. I can say that anonymity will not be an option.

At the moment, all stock exchanges and companies in Brazil must report their business and the business activities of their customers of the regulatory authority. But some of these companies still have not complied with this order. Moura did not provide any information on how the bank would achieve the planned goal.

crypto regulation comes

Brazil is to enact a complete regulatory system for cryptocurrency systems, and the central bank of Brazil is one of the institutions that have a say in this process. In June a law Project The one fixed period for the introduction of cryptocurrency regulations suggested, was introduced in the congress. While the approval is still pending, the government would have 180 days to propose and approved a system for regulating and taxing cryptocurrencies such as normal bank transactions.

There is another Commission which currently focuses directly on the regulation of cryptocurrencies in the Chamber of Deputy. Despite all of these institutions that try to regulate crypto, the market continues to grow and more and more companies integrate crypto -related solutions into their company.

This is the case of Visa that recently integrate with traditional banking. But it is even more important that the Vice President has announced for new business in Brazil that the company will test direct Bitcoin payments this year. This indicates that the regulation does not deter any major players who are still interested in joining the cryptocurrency market or embedding crypto into existing platforms.

What do you think of the Brazilian central bank's attitude to cryptocurrency transactions? Tell us in the comment area below.

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