Brazilian Politician, Member Of Former Royal Family, Talks About Crypto Regulation and Bitcoin Demand
Luiz Philippe de Orleans-Braganza, a Brazilian politician, activist, businessman, and member of the Imperial House of Orléans-Braganza, recently spoke out against crypto regulations in the nation.
Orleans-Braganza knows what he is talking about when it comes to finance. In 1997 he received an MBA from INSEAD. The professional trajectory of Luiz Philippe began in the United States, where he worked in companies of the financial market. Luiz Philippe was part of the financial planning of Saint-Gobain. He then worked for three years at the JP Morgan investment bank in London and the investment bank at Lazard Frères in New York. From 2000, he returned to Brazil as director of business development for America Online (AOL) in Latin America.
During the national congress, of which he is the federal deputy of, Luiz spoke against the regulations of cryptocurrencies.
“Good regulation is one that comes from the consumer's demand for something for which he felt injured and calls for state protection. I question this adventure of wanting to regulate something which consumers and companies organized to receive Bitcoin do not demand.”
A couple of months back President of the Chamber of Deputies of Brazil had ordered to establish a commission to consider cryptocurrency regulation in the country. Deputy Rodrigo Maia had demanded the creation of a special commission to deliver an opinion on bill 2303/2015, which aims to regulate Bitcoin (BTC) and other digital currencies in Brazil. According to the terms set forth, this commission will include 34 members, which is required by the House Rules of Procedure.