Brazil’s central bank has officially released much-anticipated guidelines aimed at regulating the country’s cryptocurrency market, with a primary focus on curbing the rising incidences of scams and money laundering activities.

This move comes in the wake of the legal framework for cryptocurrencies that was approved in 2022, which had been contingent on the central bank’s additional regulatory measures. Over the past months, the central bank conducted four public consultations to gather input on the new rules.

New Crypto Guidelines In Brazil

At a recent press conference, Gilneu Vivan, the director of regulation at the central bank, emphasized that the new regulations are designed to minimize opportunities for scams, fraud, and the misuse of virtual asset markets for money launderin

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