PANews reported on November 12th, citing CoinDesk, that the Central Bank of Brazil's latest cryptocurrency regulations clarify the operating methods, required capital amounts, and legal handling of international cryptocurrency transactions for crypto companies. Some of the central bank's regulations, including capital requirements and time limits, have been criticized by the cryptocurrency industry. The Central Bank of Brazil stated that companies in the industry must hold at least 10.8 million reais (US$2 million) in capital. Depending on the type of business, some companies must hold at least 37.2 million reais. This figure is significantly higher than the 1 million to 3 million reais proposed during the public consultation phase. Companies that fail to meet compliance deadlines (including demonstrating capital levels, cybersecurity controls, customer due diligence practices, and risk assessments) will be prohibited from operating. Foreign companies operating in Brazil must establish a local entity and transfer their business under that structure. Previous reports indicated that Brazil would expand its financial sector regulation to include cryptocurrency service providers .PANews reported on November 12th, citing CoinDesk, that the Central Bank of Brazil's latest cryptocurrency regulations clarify the operating methods, required capital amounts, and legal handling of international cryptocurrency transactions for crypto companies. Some of the central bank's regulations, including capital requirements and time limits, have been criticized by the cryptocurrency industry. The Central Bank of Brazil stated that companies in the industry must hold at least 10.8 million reais (US$2 million) in capital. Depending on the type of business, some companies must hold at least 37.2 million reais. This figure is significantly higher than the 1 million to 3 million reais proposed during the public consultation phase. Companies that fail to meet compliance deadlines (including demonstrating capital levels, cybersecurity controls, customer due diligence practices, and risk assessments) will be prohibited from operating. Foreign companies operating in Brazil must establish a local entity and transfer their business under that structure. Previous reports indicated that Brazil would expand its financial sector regulation to include cryptocurrency service providers .
Brazil's central bank's latest regulations set a capital threshold of up to $7 million for crypto companies.
PANews reported on November 12th, citing CoinDesk, that the Central Bank of Brazil's latest cryptocurrency regulations clarify the operating methods, required capital amounts, and legal handling of international cryptocurrency transactions for crypto companies. Some of the central bank's regulations, including capital requirements and time limits, have been criticized by the cryptocurrency industry. The Central Bank of Brazil stated that companies in the industry must hold at least 10.8 million reais (US$2 million) in capital. Depending on the type of business, some companies must hold at least 37.2 million reais. This figure is significantly higher than the 1 million to 3 million reais proposed during the public consultation phase. Companies that fail to meet compliance deadlines (including demonstrating capital levels, cybersecurity controls, customer due diligence practices, and risk assessments) will be prohibited from operating. Foreign companies operating in Brazil must establish a local entity and transfer their business under that structure.
Previous reports indicated that Brazil would expand its financial sector regulation to include cryptocurrency service providers .
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP Price Prediction: ETFs, Partnerships and Massive Funding – The Perfect Storm Could Send XRP Toward $12
XRP price predictions are entering a historic inflection point as multiple spot XRP ETF approvals collide with Ripple's $500 million Series C funding round at a $40 billion valuation, creating a "perfect storm" catalyst that could propel XRP toward $12 within 18-24 months.
Share
Brave Newcoin2025/11/12 11:09
U.S. Government Shutdown Likely Ending Between November 12-15, 2025
The post U.S. Government Shutdown Likely Ending Between November 12-15, 2025 appeared on BitcoinEthereumNews.com. Key Points: U.S. government shutdown likely ending mid-November, market impact notable. 96% probability the shutdown ends midmonth per Polymarket. Ethereum remains steady despite market fluctuations tied to government actions. A 96% probability has been assigned by Polymarket for the U.S. government shutdown ending between November 12 and 15, 2025, according to their latest data. This development holds significant market implications as Polymarket recorded over $31 million in trading volume for related contracts, indicating strong interest and potential market volatility. Polymarket Predicts Shutdown Resolution and Market Influence The U.S. government shutdown is likely to conclude between November 12-15, 2025. This probability is derived from Polymarket, a decentralized prediction market platform. It outlines a strong likelihood, leaving a 4% margin for the shutdown extending past November 16. Significant interests are at stake, with Polymarket’s trading volume showing upward of $31 million involved in shutdown-related predictions. This reflects considerable market engagement and capital flow, particularly concerning how these outcomes could affect broader fiscal policy dynamics. As Shayne Coplan, Founder & CEO, Polymarket, stated, “The current market reflects a strong belief that the shutdown will resolve between November 12 and 15, 2025.” While there are no direct statements from key government leaders or crypto figureheads about this potential resolution timeline, Donald Trump’s advocation for ending the shutdown remains a focal consideration in evaluating potential resolutions. Ethereum Resilience Amid Economic Uncertainty Did you know? Despite previous shutdowns causing price disruptions, Ethereum markets exhibit resilience with settled trading activities, reflecting potential confidence in the digital currency realm amid governmental uncertainties. Ethereum (ETH) currently trades at $3,431.39, with a market cap of $414.16 billion. Its trading volume reached $36.44 billion in the last 24 hours, even as its price dropped 5.31% over this period. Recent trends saw the digital asset increase by 3.12% over 7 days but…
Share
BitcoinEthereumNews2025/11/12 11:25
The "PEPE whale" that has made over $36 million in profit recently purchased 8.41 million ASTER tokens, with a paper profit of $1.1 million.
PANews reported on November 12 that, according to Lookonchain monitoring, the PEPE whale "ThisWillMakeYouLoveAgain," who has made over $36 million in profits, is continuously buying ASTER tokens. Since November 4, he has purchased 8.41 million ASTER tokens (worth $8.14 million) at an average price of $0.97, and currently has a floating profit of $1.1 million.
Share
PANews2025/11/12 11:02