From Pen to Pixel: The Regulatory Dynamics of Brazil’s 2020 Law on the Use of Electronic Signatures

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Summary:

The Brazilian government's 2020 Law on the Use of Electronic Signatures is a significant step towards modernizing their legal and administrative systems. The law introduces a compliance framework that sets forth standards for electronic signature platforms, ensuring security and legal validity of digital transactions. The law aligns with international best practices, such as the European Union's eIDAS Regulation, facilitating Brazil's participation in global digital commerce. The law is a comprehensive approach to regulating digital transactions, but its effectiveness will require periodic reviews and updates as digital platforms evolve and cyber threats emerge.