An element that has taken this regulatory push aback is the complexity of these businesses’ activities, as there is no brokerage between them, and transactions or deals are settled using decentralized private networks.
In addition, Guimarães added that the bank is finalizing the authorization criteria for companies operating in the country, which will have 270 days to report their activities.
FAQWhat is the Central Bank’s timeline for these regulations?Deputy head Antônio Marcos Guimarães indicated that the regulation of institutional VASPs is expected to progress during the timeframe.
