
About 200 federal deputies signed the creation of the new Parliamentary Front for Blockchain and Innovation (FPBI), including opposition figures such as Guilherme Boulos (PSOL/SP) and Celso Russomano (REPUBLIC/SP).
With the Union of Brazilian Parties supporting this issue, the 198 parliamentarians who signed the creation of the new front are calling for broad discussions on blockchain technology. If approved, it will be the first of its kind in Brazil.
It is worth remembering that last Tuesday (3) the first meeting of the FPBI has already taken place, during which deputies Caio Vianna (PSD/RJ) and Aureo Ribeiro (SD/RJ) defended the installation of the association. With eight senators signing the Front’s installation, this could be mixed.
What is the justification for installing a parliamentary Blockchain Front in Brazil, which even brought together delegates from opposing parties?
The associations of various parties that form the parliamentary fronts intend to discuss a particular topic relevant in Brazilian society.
As blockchain technology has grown in the country, new discussions could bring the legislature closer to market companies.
During the first meeting, a statute was presented to the deputies, but they will have to revise the FPBI rules in the future. As justification for creating the new parliamentary front, the deputies argued that blockchain is a market with great opportunities that deserves supervision.
“The establishment of the Parliamentary Front for Blockchain and Innovation (FPBI) is necessary given the growing impact and opportunities that blockchain technology offers to various sectors of society. Blockchain adoption has the potential to revolutionize the economy, finance, healthcare, logistics, education and agriculture, among others. Blockchain technology is known for its ability to ensure transparency, security, traceability and immutability of data. These characteristics are fundamental to meeting challenges in different sectors, such as data breaches, fraud, lack of trust in transactions and integrity issues.“, is the motivation.
Focus on national development in technology
When the new Parliamentary Front for Blockchain and Innovation arrives in Brazil, it promises to provide space for broad debates on this topic.
This is because parliamentarians can meet experts and representatives from the public and private sectors, thus promoting national development in the field of technology.
“The creation of the Parliamentary Front for Blockchain and Innovation (FPBI) will provide a space for discussion and cooperation between parliamentarians, experts, representatives of the public and private sectors and civil society, allowing the elaboration of legislative proposals and actions that are responsible promote use. and efficient use of blockchains, driving digital transformation and sustainable development at the national level.”
The debate, presented via REQ 3358/2023, is still in its early stages but promises to have an impact on the blockchain market. At this stage, the request is awaiting transmission by the President of the Chamber of Deputies, Arthur Lira (PP/AL).
Follow Livecoins on Google News.
Like on Facebook, Tweet and Instagram.
Source: Live Coins

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.