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Brazil's central bank tightens rules on virtual asset transactions

Original: binance

Brazil's central bank (BC) has begun requiring detailed reporting of operations involving virtual assets carried out with institutions abroad in the foreign exchange market. The move increases oversight of crypto flows in and out of the country, and comes as interest in Binance, the world's largest crypto exchange, remains high among Brazilian users tracking the new requirements.

Why now: New central bank reporting rules on crypto operations with foreign institutions are putting exchanges like Binance in the spotlight in Brazil.

BinanceBanco Central do BrasilBrazil

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