What Nikolas Ferreira said about subject PIX and payment institutions to the same banking oversight rules and require them to report transactions to the Federal Revenue Service

Nikolas Ferreira: After all, who would be against fighting crime?

Nikolas Ferreira: But behind that discourse there is a big problem.

In Article 2 of that rule, the Federal Revenue says that payment institutions and payment arrangements, that is, PICs, Fintechs, digital wallets, will now obey the same rules as traditional banks, including in the submission of the so-called e-financeira.

Nikolas Ferreira: Translating.

Nikolas Ferreira: PIX starts being treated like a bank for purposes of oversight.