Brazil’s Central Bank Finalizes Rules to Place Crypto Under Banking-Style Oversight
Brazil’s central bank, Banco Central do Brasil (BCB), has completed its regulatory framework to subject crypto companies to banking-style oversight. Key components of the new regulations (Resolutions 519, 520, and 521) include: Treating Crypto as Foreign Exchange (FX): Certain virtual asset activities, such as stablecoin transactions, international crypto payments, and specific self-custody wallet transfers (where … Read more