What Nikolas Ferreira said about subject PIX and payment institutions to the same banking oversight rules and require them to report transactions to the Federal Revenue Service

Nikolas Ferreira: In Article 2 of that rule, the Federal Revenue says that payment institutions and payment arrangements, that is, PICs, Fintechs, digital wallets, will now obey the same rules as traditional banks, including in the submission of the so-called e-financeira.

Nikolas Ferreira: Translating.

PIX starts being treated like a bank for purposes of oversight.

Nikolas Ferreira: They also point to rules from another normative instruction, 1571 of 2015.

Nikolas Ferreira: And in Article 8 of that rule, do you know what it says?