Brazilian markets regulator says it wants to play a leading role in regulating crypto – in a move that could derail parliamentarians’ own attempts to regulate the sector.
Per the financial arm of the newspaper giant Globo, the Brazilian Securities and Exchange Commission, known locally as the CVM, has ditched its laissez-faire attitude to crypto and now wants to play a key part in policy formation for the sector.
The change of heart follows a change of management at the helm of the CVM. But the crypto sector may not welcome this news: A relatively pro-industry bill is now in its advanced stage of formation in the lower house after having passed the Senate.
Globo reported that the CVM is now “pressing for significant changes in the legal framework” that governs crypto, which “may make it impossible to approve the bill in Congress” and bring policy discussions about the sector “back to square one.”
The media outlet added that the “main point of disagreement” pertains to Article 1 of...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...