- Brazil Proposes National License and 90-Day Deadline for Crypto Miners
- Bill Introduced to Allow Nuclear, Renewable Energy for Bitcoin Mining
- New Law Pushes Daily Tax Reporting and Nationwide Blockchain Access
Brazil is moving toward a new chapter in cryptocurrency regulation with the introduction of a comprehensive bill that proposes formal oversight for crypto mining and trading. On June 10, Bill No. 2,766/2025 was introduced in the National Congress by Federal Deputy Flavio Nogueira (PT-PI). That bill sought to address major gaps in current legislation and provide a clear framework for the emerging crypto sector in the country.
Brazil to Require Licenses, Exams for Institutional Crypto Traders
The bill also suggests establishing a National Bitcoin Miner License, to regulate Bitcoin and other cryptocurrencies mining. As currently written, the bill requires anyone seeking to mine digital currencies to obtain a Digital Miner Authorization License. However, this license would be issued by a new national authority that has yet to be established. Consequently, the implementation of this regulation depends on the creation and functioning of that regulatory body.
The license would be a form of official endorsement to engage in business in the cryptocurrency sector, making sure that only suitable players engage in the practice. Miners will take 90 days to apply the license once their operations commence. Compliance failure may lead to the suspension of mining.
Among the most unique elements in the bill are the energy provisions. The draft law specifically includes the option of nuclear power to mine cryptocurrency, as well as both traditional power and renewable sources, like electricity and solar. This move is seen as a smart way to use Brazil’s strong energy setup for crypto mining. As a result, Brazil could become a leader in sustainable and large-scale digital mining.
The regulation also extends to cryptocurrency exchanges, where a new professional structure will be introduced to the traders. This bill obliges traders to acquire a License of Authorization to Speculate with Cryptocurrencies for Institutional Traders. First, applicants must earn a higher education degree in finance, capital markets, or similar subjects. Alternatively, they can pass an official exam to prove equivalent knowledge. In addition, they should have a good criminal record and should not be facing any pending legal cases.
Brazil Moves Toward First Formal Crypto, Blockchain Regulation
In addition to licensing, the bill places strong emphasis on tax compliance. It requires that the income tax be reported daily on all the profits made as a result of trading in cryptocurrencies. This is a step to introduce transparency and accountability into the market that has in many ways been operating out of the conventional financial system.
The bill also includes the significance of the population having access to blockchain technology and mentions that every citizen of Brazil must have the opportunity to take advantage of the decentralized innovations. It acknowledges cryptocurrencies operate beyond government control. However, it emphasizes the need for legal frameworks to ensure responsible use.
If passed, the legislation would mark the first time Brazilian law formally defines and regulates technologies such as Bitcoin, blockchain, and crypto assets in a detailed and structured manner. First, governments aim to regulate digital currencies to encourage innovation. Additionally, they seek to attract investment through clear legal frameworks.
This bill still awaits a majority vote in Congress before it can be sent to President Luiz Inácio Lula da Silva for approval. Once passed, the President must formally assent to it for it to become law. Meanwhile, Brazil is emerging as a key player in the fintech and digital asset sectors. As a result, this legislation could serve as a model for other countries exploring similar regulatory approaches.
