Brazil central bank tightens rules for virtual assets, cryptocurrency

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Reuters Skrin

BRASILIA, Nov 10 (Reuters) – Brazil’s central bank on Monday released long-awaited rules for trading virtual assets, including cryptocurrencies, that will extend existing rules against money laundering and terrorism financing to virtual-asset service providers.

Latin America’s largest economy approved a legal framework for cryptocurrencies in 2022, but its rollout hinged on complementary regulation from the central bank, which later held four public consultations on the matter.

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