Brazilian lawmakers propose Bill 2.901/2026 to establish a permanent financial sandbox

Brazilian Federal Congressman Lincoln Portela proposed Bill 2.901/2026, proposing the establishment of a national framework for financial technology and digital finance platforms, supervised by the Brazilian central bank, and establishing a permanent regulatory sandbox system for blockchain technology and asset tokenization testing. The bill requires regulation to be proportional to the size of the company, applies simplified standards to small fintech startups, and prohibits the government from imposing bureaucracy or obligations that are inconsistent 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 allows companies to share network infrastructure and institutional adaptation databases while complying with data protection regulations. The cooperation mechanism aims to combat financial crimes in cryptocurrency transactions, promote customer identification, and enhance network security.