Brazilian Central Bank: Cryptocurrency platforms can still operate without a license for now
The Central Bank of Brazil has issued a statement clarifying the regulatory status of unlicensed cryptocurrency exchanges in the country. The bank has revealed that the conditions and deadlines for virtual asset service providers (VASPs) to comply with Brazilian cryptocurrency laws will be determined in a forthcoming regulatory bill. Additionally, João André Calvino Marques Pereira, head of the bank's financial system supervision department, has stated that cryptocurrency platforms can still operate without a license during this period.
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