the president does not act without the system's approval...the president is a part of the system..who manipulates is who approves laws..approves absurd salary increases..is called congress
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0xcpatocrypto
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The Central Bank of Brazil has just published three new resolutions (519, 520, and 521) that completely reform the cryptocurrency market in the country.
Starting in February 2026, all crypto brokers (PSAVs) will need a license from Bacen, have a physical headquarters in Brazil, and follow strict compliance rules.
The measures require asset segregation, prohibit the offering of credit and leverage products, and determine that foreign brokers must comply with national regulation within 270 days.
In addition, the crypto market has been officially integrated into the Brazilian exchange system, with value limits for international transactions and mandatory identification of self-custody wallets.
The resolutions aim for security, transparency, and control in the sector and pave the way for banks to enter the crypto market.
Starting in February 2026, all crypto brokers (PSAVs) will need a license from Bacen, have a physical headquarters in Brazil, and follow strict compliance rules.
The measures require asset segregation, prohibit the offering of credit and leverage products, and determine that foreign brokers must comply with national regulation within 270 days.
In addition, the crypto market has been officially integrated into the Brazilian exchange system, with value limits for international transactions and mandatory identification of self-custody wallets.
The resolutions aim for security, transparency, and control in the sector and pave the way for banks to enter the crypto market.
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