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Legal Framework for Cryptocurrencies comes into effect

The text, sanctioned by the President of the Republic last December, aims to regulate the cryptocurrency trading environment, in addition to providing for punishments against fraud.

The new rules are based on financial market laws adapted to the reality of virtual assets.

A public consultation should be opened by Banco Central to understand the main concerns of the market.

Last week, on 14/6, the federal government published a decree that attributes to Banco Central the competence to regulate and supervise the provision of virtual assets services by brokers and securities dealers.

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