Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Brazilian Central Bank: Cryptocurrency platforms can still operate without a license for now

Brazilian Central Bank: Cryptocurrency platforms can still operate without a license for now

CointimeCointime2023/11/14 10:12
By:Cointime

The Central Bank of Brazil has issued a statement clarifying the regulatory status of unlicensed cryptocurrency exchanges in the country. The bank has revealed that the conditions and deadlines for virtual asset service providers (VASPs) to comply with Brazilian cryptocurrency laws will be determined in a forthcoming regulatory bill. Additionally, João André Calvino Marques Pereira, head of the bank's financial system supervision department, has stated that cryptocurrency platforms can still operate without a license during this period.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!