[Brazil Proposes New Bill to Establish Permanent Financial Sandbox for Blockchain and Tokenization Testing] According to Livecoins, Brazilian federal legislator Lincoln Portela has introduced Bill No. 2,901/2026, proposing the creation of a national framework for fintech and digital financial platforms. The bill aims to establish a permanent regulatory sandbox system for testing blockchain technology and asset tokenization, supervised by the Central Bank of Brazil. The bill mandates that regulatory requirements be proportional to company size, allowing smaller fintech startups to adhere to simplified standards. It prohibits the government from imposing bureaucratic measures or obligations that are inconsistent with the digital nature of the crypto asset market. The scope of sandbox testing includes financial flow tracking, AI-based credit applications, and programmable payment practices. The bill also permits companies to share network infrastructure and adapt institutional databases, provided they comply with data protection regulations. The collaboration mechanism is designed to combat financial crimes in cryptocurrency transactions, promote customer identity verification, and enhance cybersecurity.