A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a daily tax on these activities.
Lula’s Party Bill to Establish Restrictions on Bitcoin Mining, Cryptocurrency Trading
While Brazil already has a law that touches on digital assets, the Workers’ Party has introduced a new proposal to fill in the blanks left by the current cryptocurrency law. The political coalition behind President Luis Inacio Lula Da Silva presented a draft that includes several restrictive elements that would change the crypto landscape in Brazil.
Bill 2766/2025, introduced by Deputy Flavio Nogueira, details that any company or individual carrying out bitcoin or cryptocurrency mining activities in Brazil must be licensed by a new organization, the Virtual Platforms and Institutional Traders Registration Institution.
First Page of Bill 2766/2025 introduced by Deputy Flavio Nogueira
If the company is still unregistered 90 days after the start of its operations, the bill details that it might be sanctioned by suspending its activities. This new license, while consistent with other countries’ regulations, would introduce a new requirement for crypto miners in the country, who currently operate without similar paperwork.
Nonetheless, the project also innovates in this sense, establishing that miners can even use nuclear energy to conduct their activities.
Additionally, the bill also establishes new requirements for cryptocurrency traders. If passed as is, traders will have to complete a series of tests to acquire a License for Authorization to speculate with Cryptocurrencies for Institutional Traders, given by the same institution.
To receive this license, traders must have a higher education degree in capital markets or prove they have this knowledge by passing a written exam, and not have a criminal conviction in court, nor be responding to ongoing criminal proceedings.
In its 15th article, the bill declares that “all profits obtained from trading crypto assets within the same day are subject to income tax.”
The bill must gain a majority support in Congress before being sent to President Lula to be signed.
Read more: President of Brazil Sanctions Cryptocurrency Law
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