Political tension grows in Brasilia as fintechs are targeted.

247 - Increased scrutiny of fintech companies has reignited tensions in the National Congress. According to the journalist's column. Valdo CruzAccording to a report by g1, part of the political class had been working to block both the increase in taxes and the increased supervision of these digital financial services companies. Investigators emphasize, however, that this defense does not imply direct participation of parliamentarians in money laundering crimes, but it may indicate that some of them maintain investments in these institutions, attracted by the high returns on their investments.

The government's offensive gained momentum with the mega-operation "Operation Hidden Carbon", launched this Thursday (28) by the Public Prosecutor's Office of São Paulo, the Federal Public Prosecutor's Office and the Federal, Civil and Military Police. The action, carried out in ten states, dismantled a network linked to the First Command of the Capital (PCC), which adulterated fuels and laundered illicit resources through fintechs. The investigated parties are accused of fiscal, environmental and economic crimes.

According to an advisor following the investigations, digital financial companies were being used as a hiding place for suspicious transactions.

"Fintechs were a haven for those who wanted to hide their financial investments. Now, that's going to end, and it will reveal who is acting irregularly within these companies," he stated.

The revelations increase pressure on Congress, which has been debating new regulatory standards for months. Some lawmakers are resisting the measures, but members of the economic team argue that oversight is essential to curb fraud and bring more transparency to the sector.

Earlier this year, the Brazilian Federal Revenue Service had already published a normative instruction requiring fintechs to send detailed data on their clients' financial transactions. The rule also stipulated that atypical operations via Pix (Brazil's instant payment system) should be reported to the tax authorities. According to investigators, the controversial campaign against Pix registered in the first months of 2025 may have been orchestrated precisely to curb this increased tax enforcement.

According to the report, political resistance is also linked to the close relationship between parliamentarians and digital financial institutions. The defense made by these leaders may be connected to the preservation of personal investments, which helps explain the growing tension in Brasília.