As a seasoned crypto investor with a keen interest in global regulatory developments, I find Brazil’s Central Bank’s decision to phase the regulation of crypto-assets and virtual asset service providers both encouraging and reassuring. Having navigated through various regulatory landscapes in different countries, I understand the importance of a robust regulatory framework that protects investors while fostering innovation.
Brazil’s Central Bank plans to gradually implement regulations for crypto-assets and companies dealing with virtual assets, with draft proposals due by the end of this year. Previously, the bank had anticipated finishing the regulatory structure by mid-2024, according to Otavio Damaso, the regulation director.
As a crypto investor, I’m keeping an eye on the regulatory developments in different parts of the world. In this case, the Central Bank has announced plans to roll out crypto regulations in phases. After gathering public feedback during the consultation in January, they are scheduled for another round of consultations later this year. The aim is to create a strong regulatory framework based on the initial response, particularly focusing on areas like asset segregation.
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2024-05-21 04:52