Brazil extends financial sector regulations to crypto service providers — TradingView News
Brazil’s central bank released new rules for local digital asset firms on Monday, tightening requirements for service providers to strengthen efforts against illicit activities.
According to the central bank’s announcement, the new rules mandate that virtual asset service providers obtain central bank authorization to operate. Service providers are classified in three categories — virtual asset intermediaries, custodians and brokers.
The new framework extends existing requirements for the financial sector — such as customer protection, governance, internal controls, security, and the prevention of money laundering and terrorist financing — to crypto service providers.
This includes requirements for the companies to establish…
