PANews reported on June 16th that, according to Livecoins, Brazilian Federal Congressman Lincoln Portela introduced Bill 2.901/2026, proposing the establishment of a national framework for fintech and digital finance platforms. This framework would include a permanent regulatory sandbox for testing blockchain technology and asset tokenization, overseen by the Central Bank of Brazil. The bill mandates that regulatory requirements be proportionate to company size, with simplified standards applicable to smaller fintech startups. It prohibits the government from imposing bureaucratic or obligatory measures incompatible with the digital nature of the crypto asset market. The sandbox testing scope includes financial flow tracking, AI-powered credit applications, and programmable payment practices.

The bill also allows companies to share network infrastructure and institutionally compatible databases, subject to data protection regulations. The cooperation mechanism aims to combat financial crime in cryptocurrency transactions, promote customer identification, and enhance cybersecurity. The bill also proposes establishing a national system of digital financial integrity, coordinating cyber regulatory actions, and combating criminal structures that use crypto assets to conceal wealth. Fines for violating companies could reach up to 20% of their annual profits or revenue. The bill will be discussed in various House committees.