🚨 BRAZIL INTRODUCES STRICT CRYPTO REGULATION 🚨
The Central Bank of Brazil now includes Virtual Asset Service Providers (VASPs) under its supervisory framework.
Key points:
$7M capital requirement for certain crypto activities
Increased compliance costs and stricter AML/CFT rules
Crypto-fiat operations reclassified as exchange activities
This new regulation, effective by 2026, could lead to market consolidation, favoring large players and institutional investors.