Financial Services Advisor

Mijail Popov, analyst specialist in crypto assets at Americas Market Intelligence: “The Central Bank of Brazil has been recognized as the most innovative and disruptive central bank in Latin America. Its coordinated agenda toward financial services innovation is well-regarded in the industry. Regarding cryptocurrencies, it is expected that the central bank will finally move toward establishing a clear and positive regulatory framework for the development of the industry in Brazil. Clear operational standards and authorization processes for virtual assets service providers (VASPs), enhanced measures to protect investors from scams and fraud, and specific stablecoin regulations for cross-border and domestic payments are some of the key areas anticipated to be the pillars of the forthcoming regulations. For consumers, these regulations aim to create a safer and more transparent market, mitigating the risks associated with unregulated crypto transactions. Both financial and crypto service providers will need to adapt to new…”