Wu Blockchain (@WuBlockchain): Brazil’s central bank released new crypto rules requiring licensing and compliance with FX and capital market laws. Firms must hold at least 10.8 mill…
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Brazil’s central bank released new crypto rules requiring licensing and compliance with FX and capital market laws. Firms must hold at least 10.8 million reais ($2 million) in capital, or up to 37.2 million reais ($7 million) depending on business type. Noncompliant or foreign firms without a local entity will be barred. The framework also brings stablecoins and cross-border transfers under FX control with a $100,000 cap per transaction. https://t.co/oULY1gPitz