Brazil's Finance Minister Fernando Haddad has announced a comprehensive regulatory overhaul aimed at curbing the use of cryptocurrencies in organized crime financing. The initiative includes the introduction of stricter compliance rules and a revamp of the Comissão de Valores Mobiliários (CVM), Brazil's equivalent of the SEC. Additionally, ten specialized police stations will be established across the country to address financial crimes more effectively. A new regulatory standard is anticipated to be published soon, focusing on enhancing transparency and providing clearer tax guidelines for crypto assets. This move underscores Brazil's commitment to tightening its financial regulations to prevent illicit activities involving digital currencies.