📉 Say whatever you want, but as long as we have this bandit in the presidency it will only get worse!
🚨 Lula's government invests R$ 8.6 million in a system to track cryptocurrencies
The decision is seen as a move against global trends of innovation and digital freedom
The Federal Government signed a contract for R$ 8.67 million for the acquisition of software capable of tracking transactions in Bitcoin, Ethereum, Tron, Dash, XRP, and other cryptocurrencies.
Contract
Signed in October and valid for 36 months, with 51 active accesses designated for sectors of the Federal Police.
Winning company
Iafis Systems do Brasil Ltda, specialized in digital investigation and biometrics, which won the competition against 11 companies.
Technology
The system allows real-time tracking of cryptocurrency flows, identifying links between wallets and monitoring digital financial movements.
Cost
The final value was well below the initial cap of R$ 49 million, with proposals from competitors that exceeded R$ 40 million.
International context
While several countries and technology companies move towards decentralization, privacy, and financial innovation, Brazil adopts a stance of surveillance and control over the use of cryptocurrencies.
This decision is interpreted by experts as a move against the global trend, as the global tendency is to integrate crypto assets into official financial systems and promote the digital ecosystem, rather than restrict it.
Impact
- It may generate insecurity among cryptocurrency users and investors in Brazil.
- It reinforces the perception that the country is lagging behind international practices of encouraging digital innovation.
- It raises debate about the balance between state oversight and technological freedom.
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