THE PRACTICAL INEFFECTIVENESS OF LAW No. 14,478/2022 AND THE NEED FOR EFFECTIVE REGULATION OF CRYPTOASSETS IN BRAZIL

Abstract

Through the advancement of technology and globalization, new means of exchange and investment have emerged, a fact that became evident with the popularization of Bitcoin, the first cryptocurrency developed and usable in the world. It turns out that the aforementioned technological revolution has caused adversities and unprecedented legal discussions, such as the use of cryptoactives to commit crimes and the feasibility of taxing them, however, the only regulation on the subject came from Law No. 14,478/2022, promulgated on December 21, 2022, which although innovative does not solve most of the problems. As a result, this work aims to demonstrate the need for an effective standard that meets the needs of the state and the users of these assets. For this objective, exploratory and bibliographic research was used, with a qualitative approach.