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Central Bank president says cryptocurrencies will be regulated first as an investment in Brazil

RIO DE JANEIRO, BRAZIL - The president of the Central Bank, Roberto Campos Neto, said the institution is working on projects to regulate cryptocurrencies but that they will be regulated first as an investment and then as a means of payment.

In a presentation of the quarterly report on inflation on Thursday, September 30, Campos Neto said that there is greater demand for cryptocurrencies as an investment than as a means of payments.

"We are now discussing some projects on regulation. We understand that this world of cryptocurrencies has grown a lot in Brazil as an investment vehicle, impacting even the . . .

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