Brazil's Supreme Federal Court is set to review the ban on using cryptocurrencies in election campaigns, signaling potential reforms. Nuno Marques, vice president of the court-supervised electoral committee, is finalizing a review of election rules, including the crypto ban, ahead of the October general election. This move reflects a growing recognition of digital assets' mainstream status, as noted by legal experts.
The current Brazilian electoral code prohibits crypto donations, but Marques has indicated openness to reform if justified. The court will accept public proposals until the end of the month, with public hearings scheduled for early February and final rules expected in March. The ban, established in 2019, was due to technical challenges in fitting crypto into existing financial oversight frameworks. As crypto's role in politics grows globally, Brazil may follow the U.S. in integrating digital assets into campaign financing.
Brazil's Supreme Court to Reassess Crypto Ban in Election Campaigns
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