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: Translating.

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

They also point to rules from another normative instruction, 1571 of 2015.

Nikolas Ferreira: And in Article 8 of that rule, do you know what it says?

Nikolas Ferreira: That institutions must inform the Revenue of financial movements above 5,000 reais.