During their recent meeting, the G20 finance ministers and central bank governors have embraced the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). They have called for “swift and coordinated implementation” of this roadmap. The G20 finance ministers and central bank governors gathered in Marrakech, Morocco,…
Now, it is headed to outgoing President Jair Bolsonaro for his nod to make it a law. The lower house of Brazil’s parliament approved a cryptocurrency bill that seeks to establish a stringent regulatory framework in the country, a theme that resonates with several governments around the globe after the collapse of FTX. Now, the…
Brazil Reactivates Cryptocurrency Regulatory Discussion Thanks to FTX Disaster The bill to regulate digital assets in the South American country is back on the agenda after the collapse of the crypto exchange FTX.com.The former president of the Brazilian blockchain association, Fernando Furlan, believes that the bill approved by the Senate will now have “enough push”…
On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market….
The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of Latam. Lula announced this as part of his campaign, preaching the utility of a common currency as a way of fighting…