Coinbase meets with Central Bank president to discuss macroeconomic scenario

The president of the Central Bank of Brazil (BC), Roberto Campos Neto, participates this Monday afternoon (16) in a meeting, by videoconference, in São Paulo (SP), with Brian Armstrong, CEO and co-founder of the largest cryptocurrency exchange in the U.S, Coinbase. Closed to the press, the meeting will also feature the participation of the broker’s policy director, Faryar Shirza, and the company’s senior policy manager, John Medel.

According to the official agenda released by the Central Bank, the meeting provides for the presentation of the “macroeconomic scenario” by the exchange representatives, which suggests an assessment of the global effects on the cryptocurrency market.

Last Friday (13), Roberto Campos Neto also met with Changpeng Zhao, CZ, CEO and founder of the largest cryptocurrency exchange, Binance. The occassion included the bank’s Director of Organization of the Financial System and Resolution, Renato Dias de Brito Gomes, the CEO and VP of government relations, and Daniel Mangabeira, and Matt Schroder, VP of International Expansion for Latin America at Binance.

The meetings take place in the wake of the progress of the Bill (PL) 4401/2021 in the Senate at the end of April, proposal that regulates cryptocurrencies in Brazil. The text is in the Chamber of Deputies, where it needs to be approved before being sanctioned.

In March of this year, during the closing of Ethereum.Rio, CZ confirmed the official entry into Brazil, where the businessman said he intends to generate up to five thousand jobs. What happened days after the purchase of the Brazilian platform Sim;paul Investimentos.

At the end of March, CZ announced the opening of an office in Rio de Janeiro, which happened after the city hall adopted cryptocurrencies as an option for tax payments, as reported by the Cointelegraph Brazil.