Cryptocurrency Q&A
Who regulates crypto exchanges in Brazil?
Who regulates crypto exchanges in Brazil?
Lorenzo
Sun Jul 07 2024
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5 answers
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As a keen observer of the cryptocurrency landscape, I'm often intrigued by the regulatory frameworks in different jurisdictions. This begs the question: Who regulates crypto exchanges in Brazil? With the rising popularity of digital assets, it's crucial to understand the oversight mechanisms that ensure market integrity and protect investors. Do Brazilian crypto exchanges fall under the supervision of a specific regulatory body? Or is there a more collaborative approach involving multiple authorities? Clarifying this regulatory landscape is essential for investors seeking to navigate the crypto markets in Brazil with confidence.
5 answers
SamuraiWarrior
Tue Jul 09 2024
This legislation establishes a comprehensive regulatory framework for virtual assets in Brazil, marking a significant step in the country's cryptocurrency landscape.
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Luigia
Tue Jul 09 2024
Pursuant to Decree No. 11,563 issued on June 13, 2023, the Brazilian Central Bank has been designated as the competent authority responsible for regulating, authorizing, and supervising the operations of crypto exchanges.
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Giulia
Tue Jul 09 2024
As the regulatory body, the Central Bank will oversee the compliance of crypto exchanges with the provisions of Law No. 14,478 and ensure that they operate in a secure and transparent manner.
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KimonoElegantGlitter
Tue Jul 09 2024
This regulatory framework aims to protect investors and consumers by establishing clear rules and standards for crypto exchanges. It also promotes the development of a healthy and sustainable crypto market in Brazil.
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Ilaria
Tue Jul 09 2024
On June 20, 2023, Law No. 14,478, titled "Legal Framework for Virtual Assets," was enacted and came into effect.
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