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Brazil Central Bank: Banks and brokerages must hire independent third-party compliance certification to conduct cryptocurrency business
GateNewsBot
PANews January 25 News, according to Valor, the Central Bank of Brazil (BC) has issued rules for banks and brokerage firms wishing to engage in cryptocurrency business. The directive requires such institutions to hire a qualified independent company to verify their compliance with the regulatory requirements for virtual asset service providers (VASPs) by the monetary authorities. The certification body must clearly state that it has no conflicts of interest with the audited party.
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