Brazil’s government has passed comprehensive legislation aimed at regulating the cryptocurrency industry, marking a significant step toward legal clarity for digital assets in Latin America’s largest economy.
The new law establishes clear rules for exchanges, custodial services, and initial coin offerings (ICOs), while also implementing anti-money laundering (AML) measures to prevent fraud.
Brazil’s proactive approach to crypto regulation is expected to encourage more innovation and investment in the sector, positioning the country as a hub for blockchain development in the region.
The legislation is seen as a model for other countries in Latin America looking to regulate the fast-growing crypto market.
