On April 3, 2025, the Securities and Exchange Commission (CVM) prohibited the sale of the cryptocurrency $EIKE, launched by businessman Eike Batista, to Brazilians. The decision was made because the agency classified the token as a security, requiring registration and authorization for offering in Brazil, which was not complied with.
The CVM ordered the immediate suspension of the offering to the public residing in the country, under the penalty of a daily fine of R$ 100,000 in case of non-compliance. The measure reflects the CVM's analysis that the project, linked to the production of a "supercane" for sustainable fuels, was being promoted irregularly in the Brazilian market.
Eike's advisory stated that the token was not intended for the Brazilian public and that the offering complies with international regulations, primarily aimed at investors in the United States. #supercana #EikeBatista
