Portela's bill is quite practical—led by the central bank, layered according to scale, and leaving room for innovation. It's much better than a one-size-fits-all approach.

According to Livecoins, Brazilian Federal Deputy Lincoln Portela submitted Bill PL 2.901/2026, proposing the establishment of a "National Fintech and Digital Financial Platform Framework," and creating a permanent financial regulatory sandbox to provide ongoing regulatory environment for financial innovations such as blockchain, asset tokenization, AI lending, and programmable payments. The bill states that the Central Bank of Brazil will be responsible for coordinating related systems and applying regulatory requirements proportionally based on the size of the enterprise.