Jonathan Darcie has a PhD and Masters in General Theory of Law and Tax Law, and is partner of a law firm in Brazil with ongoing consulting for digital currency businesses.
In this CoinDesk opinion piece, Darcie speaks out about proposed cryptocurrency rules in Brazil, arguing that attempts to regulate the industry at this stage are premature and misguided.
Living in Brazil over the last four years has been an experience of watching a real and live – and even more interesting, some would say – version of TV's "House of Cards".
The still in-course criminal investigation called 'Operação Lava Jato' (Operation Car Wash) has become the most comprehensive criminal investigation in the history of Brazil, sending many dozens of politicians, CEOs and executives of the most important Brazilian companies to prison.
At the same time, the country has entered the most intense recession of its history, leading businesses to bankruptcy, millions of people to unemployment and setting up a scenario of economic chaos.
It is within this window of never-seen-before-events (the last one being a wiretap of the actual president of Brazil) that the Brazilian House of Representatives is doing something else unprecedented – initiating a debate about regulating bitcoin and cryptocurrencies.
Brazilian federal court image via Shutterstock
Read More Here : http://www.coindesk.com/legal-future-cryptocurrencies-brazil/