On 29.12.2021, the Brazilian Federal Government has promulgated the law 14.286, about “exchange market, Brazilian capital abroad, foreign capital in Brazil” called also “New Legal Basis for Exchange Operations” (“Novo Marco Legal do Câmbio”).
This law shall enter into force in 29.12.2022 (one year from 30.12.2021). Within this year the Brazilian Central Bank shall issue the necessary regulation for its full application.
This new law aims to facilitate the use of foreign currency in Brazilian economy. Its main provisions are:
These new provisions should foster fintech and peer-to-peer platforms.