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Brazil's central bank seeks tighter cryptocurrency regulation, brokerage oversight

From channelnewsasia.com

Brazil's central bank governor Roberto Campos Neto on Wednesday said policymakers are aiming to tighten cryptocurrency regulation and subject brokerages to their supervision. Speaking during a hearing in Congress, Campos Neto emphasised regulators will scrutinise the backing of cryptocurrencies and associated activities, given the significant surge in cryptocurrency imports by Brazilians. Data released by the central bank this week revealed cryptocurrency imports jumped by 44.2 per cent from January to August compared to the same period last year, totalling US$7.4 billion. There is a perception that local demand has ... (full story)

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