Forums
Talk about anything you want!
Login to get your referral link.
no one’s talking about how Brazil’s new VASP regulation is gonna shake the crypto market 🤯! Foreign exchanges better comply or they’re out
wait so Brazil really dropping the hammer on crypto now?? 🇧🇷🔨 does this mean no more moon trips for Brazilian traders
whaaat bro Brazil going full regulatory mode on crypto?? 🇧🇷🚨 Can foreign exchanges even cope with these rules or
problem: Brazil’s new VASP regulations:
Insight: imposing significant capital requirements impacting market players, aiming to integrate crypto firms into traditional financial system
This Wednesday in Brazil, the Central Bank decides on the Selic interest rate. Additionally, new crypto regulations impose significant capital requirements, affecting market players 🇧🇷. The rules aim to integrate crypto firms into the traditional financial system, potentially leading to market consolidation. The regulations introduce strict compliance measures, including asset segregation and reporting obligations. Foreign exchanges must comply within a specified timeframe or cease operations in Brazil. Stablecoins are integrated into Brazil’s foreign exchange regime, with potential taxation implications.
5
Voices
4
Replies