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Brazil’s Senate Seeking to Hire Crypto and Blockchain Experts to Advise It on Policy

Legal

cryptonews.com 25 August 2022 11:50, UTC
  
Reading time: ~2 m

The Brazilian Senate wants to recruit experts with advanced knowledge of cryptoassets and blockchain technology – likely in a bid to help it better form legislation for the nation’s fledgeling crypto industry.

In an official post from the Senate, the hiring managers wrote that candidates must possess “specific knowledge” of both “cryptoassets and blockchain.” The notice explained that as well as “general knowledge” about the technology, candidates would need to prove they have a specific understanding of smart contracts, blockchain technology, and “algorithms,” as well as knowledge of economic, business, and consumer law. They will also need to be well-briefed on relevant regulations in the sector.

The Senate indicated that it would seek to make two hires in this field, and that the successful candidates would be offered the title of “legislative consultant to the Senate.” The hires will provide “legislative and budgetary advice” as well as “economic” and “IT” “analysis.”

The media outlet Exame reported that the hires will also work as advisors to both Senate committees and the National Congress (the lower parliamentary house) on the subjects of “blockchain technology, cryptoassets and other topics related to the economic and legal sectors.”

Candidates must be graduates of recognized higher educational institutions, although the Senate is willing to accept applications from all degree holders, regardless what candidates majored in. They will be tested on their knowledge in an examination that will be held nationwide in state capitals and the deadline for applications is September 21.

Brazil’s Senate has taken the initiative on crypto regulation, and some of its members were the architects of an ambitious bill that seeks to regulate crypto exchanges and brokers – in addition to providing a legal framework for crypto miners to work within. 

The bill has since been approved. Critics, however, have claimed that the draft law was hurried and incomplete – and claimed that it was lacking in key areas.

The Senate responded by stating that there would be “room for improvement” at a later date and suggested that further regulatory measures will be forthcoming.

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