The new Brazilian bill proposes the establishment of a permanent financial sandbox to support blockchain and tokenization testing

According to Livecoins, Brazilian Federal Deputy Lincoln Portela proposed Bill No. 2.901/2026, which aims to establish a framework for a national fintech and digital finance platform, creating a permanent regulatory sandbox system for testing blockchain technology and asset tokenization, supervised by the Central Bank of Brazil.

The bill requires regulatory requirements to be proportional to the size of the company, allowing small fintech startups to apply simplified standards, and prohibits the government from imposing bureaucratic measures or obligations that do not align with the digital nature of the cryptocurrency market. The sandbox testing scope includes financial flow tracking, artificial intelligence credit applications, and programmable payment practices.

The bill also allows companies to share network infrastructure and institutional adaptation databases, but they must comply with data protection regulations. The cooperation mechanism aims to combat financial crimes in cryptocurrency transactions, promote customer identity verification, and enhance cybersecurity.

The bill also proposes the establishment of a national system for digital financial integrity, coordinating network regulatory actions to combat criminal structures that use cryptocurrency to hide wealth. Fines for non-compliant companies can reach up to 20% of their annual profit or revenue. The bill will be discussed in various committees of the House of Representatives.