Dogecoin (DOGE) Price Prediction 2025-2030: What should DOGE traders do in 2023?
Brazil allows investment funds to invest in cryptocurrency, details inside
Here’s why Polkadot investors should be cautious with current sideway structure
Long-term Litecoin [LTC] investors can profit from these levels if BTC…
Polkadot [DOT] manages to outperform other cryptocurrencies in this area
Bitcoin: >500 days from halving, will BTC go back in time?
Will Bitcoin [BTC] mining see a resurgence? This new data suggests…
Bitcoin’s SOPR at a three-year low means this for your investment
Assessing Bitcoin retail investors’ predicament amid the ongoing bear season
Bitcoin: Decoding if BTC’s position offers a buying opportunity for traders
Ethereum remains unmoved according to these metrics as it gets removed from Paxful
Assessing the role of ‘Distributed Validator Technology’ in ETH’s anticipated growth
ETH painted a glum picture on the charts despite the anticipation of this huge…
Here’s why ETH co-founder Vitalik Buterin has high hopes from crypto in 2023
Is Ethereum ready for a pivot as this ETH front sees renewed interest
Published
on
By
The Brazilian Securities and Exchange Commission (CVM) approved the ability for investment funds to hold crypto assets yesterday (23 December). The decision, according to the regulator, allows funds to operate in the crypto segment while paying attention to controls related to asset integrity and ownership.
According to the CVM, crypto assets must meet a set of criteria established by a new regulatory framework established in a law enacted by outgoing Brazilian President Jair Bolsonaro so that they can be included in fund portfolios.
The CVM only recently released a new regulatory framework for investment funds. The regulator explained in a note that the decision seeks to allow funds to operate in this new segment of the market while maintaining controls over the presence, integrity, and ownership of assets.
Crypto assets must meet a set of criteria in order to be included in a portfolio, which is in line with the regulatory framework for the sector approved by President Bolsonaro yesterday.
Crypto assets can be included in a fund if they are traded in entities authorized by the Brazilian central bank or the CVM, or by a local supervisor in the case of operations in another country.
These bodies must be legally competent to supervise and inspect the operations carried out, including implementing anti-money laundering (AML) and countering the financing of terrorism (CFT) guidelines.
In October, the CVM issued a market guidance opinion on the cryptocurrency sector. Although crypto assets are not expressly listed as securities in the document, market agents must observe the characteristics of each crypto asset to determine if it is a security.
The tokenization of assets, according to the opinion, is not subject to prior approval or registration by the CVM. However, token issuers and public token offerings will be subject to regulation as well.
Dogecoin (DOGE) Price Prediction 2025-2030: What should DOGE traders do in 2023?
Interact with safe DeFi Protocols thanks to Liquidus App
Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot’s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S – There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/
FTX wants judge to stay the sale of Robinhood shares worth $448m
Orthogonal Trading is reportedly under provisional liquidation
Aave to use Chainlink’s PoR to secure bridged assets on Avalanche
British Columbia to suspend new power connections for crypto mining
U.S. SEC calls FTX’s native token FTT a security
Outgoing U.S. senator Pat Toomey introduces Stablecoin TRUST Act
Your email address will not be published.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.
How To Make Huge Profits In A Short Time With CryptoGet detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.
Crypto + NFT Quick Start CourseThe #1 course for profit in the Crypto & NFT world - You will discover the secrets that 99% of people don’t know yet
