Brazil may be one of the first countries in Latin America to pass extensive legislation on the market for cryptocurrencies. According to the bill that is processed in the Chamber of Deputies, in the country, The Central Bank should be in charge of supervising the market of crypto assets and determine the rules for cryptocurrency users and businesses.
Nevertheless, Some Brazilian deputies, such as deputy Fábio Ostermann, believe that Bitcoin is a tool created precisely to break government monopolies and, with them, the Central Bank itself.
During an interview granted to the channel “Bitconheiros”, Ostermann declared that technology is what will free the people from the chains of centralization.
“I believe that our children will live in a level of freedom that we never imagined. Most likely because of what our generation is building. […] I have a lot of confidence in the future of freedom and of Brazil, consequently, because seeing that in the worst case, technology will make us free“, said.
Also, according to the Deputy, Bitcoin has the potential to transform various tools of the statewhich today, or until recently, were considered as indispensable as the Central Bank itself: “as monetary regulators, it will make them obsolete sooner or later”.
And he stated that, in addition to blockchain, the emergence of a number of technologies has the potential to reduce the role of the state through decentralization and that this will help build a world based on more freedom and less social and financial control.
“The tendency is to follow the path of increasing decentralization (…). It is what some commonly call uberization… But there is a phenomenon behind it, which is the phenomenon of decentralization, the decentralization of options”, he concluded.
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