Brazil Tightens Oversight of Crypto Firms With New Central Bank Rules

Contributing sentiments towards policy:

58% : The rules aim to make Brazil's $319 billion crypto market more secure and transparent. Brazil's central bank has introduced a sweeping new regulatory framework for digital asset service providers, extending anti-money laundering (AML) and counter-terrorism financing rules to the country's growing crypto sector.
54% : Under the new regulations, any purchase, sale, or exchange of fiat-pegged stablecoins will be treated as a foreign exchange transaction, as will the use of crypto for international transfers or settlements.
49% : The framework builds on Brazil's 2022 crypto law, which established a legal basis for virtual assets but required additional central bank regulations to take effect.
45% : "New rules will reduce the scope for scams, fraud, and the use of virtual asset markets for money laundering," said Gilneu Vivan, the bank's director of regulation, at a press briefing.

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