Brazil Tightens Crypto Oversight with $7 Million Capital Rule & FX Limits

In a move to strengthen crypto market oversight, Brazil has implemented new regulations impacting both domestic and international firms. The nation’s central bank has introduced a framework that includes a $7 million capital requirement for all crypto companies and limits on foreign exchange transactions. This regulatory shift aims to align the country’s crypto sector with global financial standards set by organizations like the U.S. and EU.