The Brazilian central bank has now included VASPS under Type 3 classification, with the same requirements as brokerage and securities distribution firms. Furthermore, the rules passed exclude VASPs from receiving Segment 5 classification, a simplified regime for institutions with a low risk profile. Central Bank of Brazil Equalizes Compliance Treatment Between VASPs and Securities Brokerages […]Same Risk, Same Rules: Brazil to Regulate Crypto VASPs Like Traditional Securities Brokerages
The Brazilian central bank has now included VASPS under Type 3 classification, with the same requirements as brokerage and securities distribution firms. Furthermore, the rules passed exclude VASPs from receiving Segment 5 classification, a simplified regime for institutions with a low risk profile. Central Bank of Brazil Equalizes Compliance Treatment Between VASPs and Securities Brokerages […]