The Central Bank of Brazil has introduced new regulations requiring licensed cryptocurrency exchanges to submit daily asset protection reports starting February 27. These reports must demonstrate sufficient funds to cover risks from hacking or asset loss. Additionally, exchanges must adhere to the same data protection and confidentiality standards as commercial banks. The regulations also mandate the segregation of company funds from client assets and the creation of a specialized accounting manual for crypto enterprises, allowing direct accounting of crypto assets on balance sheets. Some provisions will take effect on January 1, 2027.
Brazil Central Bank Mandates Daily Asset Reports for Crypto Platforms
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