Central Bank Digital Currency:

legal aspects related to its issuance and the right to privacy

Authors

Keywords:

CBDC. Legislative change. Right to privacy. LGPD. Legal system.

Abstract

The article analyzes legal aspects of the Central Bank Digital Currency (CBDC) institute that need to be addressed in order to allow its implementation in Brazil. The main problem of the research concerns  the existence of a law as a requirement to issue the CBDC and the compatibility of this instrument with the right to privacy, especially in the face of the LGPD (Brazilian General Data Protection Law). Through the hypothetical-deductive methodology, the need of a law and the compatibility of the CBDC with the LGPD were hypothesized. Based on the specialized literature and legislative research, it was concluded that the hypotheses were confirmed, but it was found that, in relation to the right to privacy, it would be advisable to issue specific legislation to make it compatible with the CBDC instrument.

Author Biographies

Leandro Sarai, Escola da Advocacia-Geral da União

Especialista em Direito Empresarial e mestre e doutor em Direito Político e Econômico pela Universidade Presbiteriana Mackenzie (UPM). Professor credenciado da Escola da Advocacia-Geral da União. Procurador do Banco Central. E-mail: leandro.sarai@yahoo.com.br. Orcid: https://orcid.org/0000-0001-6742-1051

 

 

Luiz Eduardo Galvão Machado Cardoso, UFBA

Mestre e doutorando em Direito pela Universidade Federal da Bahia (UFBA). Procurador do Banco Central. E-mail: luizcardoso84@hotmail.com

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Published

2023-10-09

Issue

Vol. 17 No. 2 (2023): Revista Direito Mackenzie

Section

Economic Power and its legal limits

License

Copyright (c) 2023 Leandro Sarai, Luiz Eduardo Galvão Machado Cardoso

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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