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HomeCrypto NewsBrazil Appoints Central Bank and Securities Commission as Crypto Market Regulators

Brazil Appoints Central Bank and Securities Commission as Crypto Market Regulators

In December 2022, former Brazilian President Jair Bolsonaro approved a crypto regulation bill that was passed by Brazil’s Chamber of Deputies and the Senate. The law created a “virtual service provider” license and established a crime of fraud involving virtual assets, with a penalty of between four and six years in jail plus a fine.

www.coindesk.com

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