Brazil's central bank plans to propose crypto regulation by year-end, phased over the initial June 2024 timeline.

Brazil's central bank plans to propose crypto regulation by the end of this year, dividing the process into phases. The move delays the completion of the process, initially set for June 2024. The central bank's director of regulation, Otavio Damaso, stated that this approach allows the bank to gradually address complex regulatory issues associated with digital assets and service providers.

May 20, 2024
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