Cryptocurrencies may be regulated by the central bank; understand

Cryptocurrencies may be regulated by the central bank;  understand

This information was presented by Roberto Campos Neto, President of the Central Bank, while presenting the quarterly report on inflation.

The central bank intends Cryptocurrency regulation. For this to happen, crypto activities will need to move into the investment category. This information was presented by Roberto Campos Neto, President of the Central Bank, while presenting the quarterly report on inflation. He gave his speech last Thursday 30th September.

It has also been said that the increased purchases of cryptocurrency activities, such as cryptocurrency bitcoin, It also ended up contributing to an increase in import expectations in Brazil. According to information from the IG portal, Roberto Campos spoke about the regulation of cryptocurrencies.

He added that originality and limited supply are the two most attractive reasons for Brazilians when it comes to asset speculation.

“We are aware that the cryptocurrency world in Brazil today has grown a lot as an investment vehicle (…). But remember that the currency has the function of a means of payment, but it has grown much less in this aspect. The consequence of this for the central bank is that we will first regulate as an investment,” Campos explained. Then as a form of payment.

The head of the Central Bank also commented that the cryptocurrency is A native By the way it is painted. “Limited supply means that in this world of central banks doing monetary expansions, it ends up generating a feeling that it’s an investment they can pay for themselves,” he concluded.

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