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Brazil's new forex regulations impact the stablecoin market and may change the regulatory landscape of the Crypto Assets market.
The Central Bank of Brazil (BCB) is promoting significant reforms to the country's forex system. Although the new regulations primarily target electronic forex (eFX) platforms, they are expected to have a profound impact on the Crypto Assets industry.
According to the legal framework No. 14,286/2021, in the future only authorized institutions will be able to provide electronic forex services, which means that cryptocurrency exchanges handling international pa
View OriginalThe Central Bank of Brazil (BCB) is promoting significant reforms to the country's forex system. Although the new regulations primarily target electronic forex (eFX) platforms, they are expected to have a profound impact on the Crypto Assets industry.
According to the legal framework No. 14,286/2021, in the future only authorized institutions will be able to provide electronic forex services, which means that cryptocurrency exchanges handling international pa