Brazil: Issued Guidance Opinion on Cryptocurrency Assets and the Securities Market
Description
Issued Guidance Opinion on Cryptocurrency Assets and the Securities Market
On 11 October 2022, the Brazilian Securities and Exchange Commission (CVM) published Guidance Opinion No 40 on Cryptocurrency assets and the Securities Market. In the guidelines, the CVM defines cryptocurrencies as digitally represented assets prote…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body