Brazilian Central Bank: Cryptocurrency platforms can still operate without a license for now
The Central Bank of Brazil has issued a statement clarifying the regulatory status of unlicensed cryptocurrency exchanges in the country. The bank has revealed that the conditions and deadlines for virtual asset service providers (VASPs) to comply with Brazilian cryptocurrency laws will be determined in a forthcoming regulatory bill. Additionally, João André Calvino Marques Pereira, head of the bank's financial system supervision department, has stated that cryptocurrency platforms can still operate without a license during this period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Discover Enormous Potential in Cryptocurrency’s Next Big Wave
In Brief The crypto market is showing similarities to the Dot-Com bubble era. There is a bullish expectation for XRP and SEI with potential price increases. Institutional interest in crypto may support Bitcoin and altcoins' prices.
Trump Declares Broad Support for Cryptocurrencies
Animoca and Cream Labs Invest in TrendX Platform
JPMorgan Completes First Public Tokenized Bond Trade
Trending news
MoreCrypto prices
More
