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Decree Grants Central Bank Authority to Regulate and Supervise Virtual Asset Service Providers, While Securities Regulator Retains Token OversightPresident Luiz Inácio Lula da Silva, widely known as Lula, has signed a law that brings clarity to the roles of Brazil’s central bank and securities regulator in relation to cryptocurrencies.On June 14, President Lula signed government decree No. 11.563, which sets forth regulations based on the December 2022 law that established a legal framework for cryptocurrencies in Brazil. The decree grants the Central Bank of Brazil the authority to regulate and oversee virtual asset service providers, while ensuring that token projects classified as securities remain under the supervision of the Comissão de Valores Mobiliários (CVM), Brazil’s equivalent of the United States’ Securities and Exchange Commission. <a href="https://cryptosheadlines.com/brazils-president-enacts-law-for-central-banks-regulation-of-crypto-firms/" rel="noopener noreferrer nofollow">Read More...</a>$20,000 USDT Giveaway From CryptosHeadlines.com For Community, <a href="https://docs.google.com/forms/d/e/1FAIpQLScs2qGHWeximXAY7b35RCh-8Wl5hGAzxbSATrWrrdDDzuc0lA/viewform" rel="noopener noreferrer nofollow">Joining Link For Giveaway:</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>

Brazil’s President Enacts Law for Central Bank’s Regulation of Crypto Firms

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