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Bichara e Motta Advogados, through its Gambling & Crypto Department, participated in Public Consultation nr. 109/2024, promoted by the Financial System Regulation Department (Denor) of the Central Bank of Brazil, which introduced a draft resolution to regulate the establishment and operation of Virtual Asset Service Providers (PSAVs).
Recognised for its extensive expertise in providing legal advisory services to key industry players, the firm contributed to the regulatory debate by submitting proposals aimed at establishing a balanced regulatory framework that ensures legal certainty and consumer protection, while fostering innovation and market growth. The objective is to develop a dynamic regulatory environment, tailored to the specificities of virtual assets and the Brazilian market, positioning the country as a global benchmark in sector regulation.
Bichara e Motta Advogados continues to closely monitor the evolution of the regulatory framework, providing strategic legal counsel to assist PSAVs in adapting their business models to the emerging regulatory landscape.