Brazil Regulator Warns That 30% of Crypto Exchanges Fail New Capital Rules
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The Central Bank of Brazil identified capital problems in about 30% of the requesting platforms, according to statements by its inspection director. The review of 120 applications also focuses on audited financial statements and the requirements that companies will have to meet to operate under the new framework.
Brazil Regulator Warns That 30% of Crypto Exchanges Fail New Capital Rules
Nearly one-third of the 120 cryptocurrency exchanges that filed to continue operating in Brazil as VASPs fail to reach the share capital required to operate in compliance with Central Bank regulations, meaning they could have their applications rejected after review. Central Bank of Brazil Warns That 30% of VASPs Fail to Comply With Capital […]
According to the director of supervision, 30% of the companies did not have social capital compatible with the resolution of Bacen Fonte: One third of the Brazilian cryptocurrency brokers who applied for permission are in trouble, says director of the Central Bank See more news about Bitcoin. Follow Livecoins on Facebook, Twitter, Instagram and YouTube.
Director of the BC states that part of the companies presented social capital outside of the requirements and did not deliver audited financial statements The post 30% of license applications for cryptocurrency companies have problems, says Central Bank apareceu primeiro em...
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