🇧🇷 Brazil to tighten crypto rules, attacking the financial arm of organized crime
Brazil’s central bank is introducing stricter regulatory measures aimed at combating the infiltration of organized crime into the crypto sector. Key steps include tougher oversight of fintechs and payment institutions, limits on certain high-risk transactions (such as through the PIX system), and expedited requirements for licensing and capital for service providers. Regulators say the move targets money-laundering channels that exploit digital assets, especially through unregulated platforms.
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