According to Techub News, Exame reports that the Central Bank of Brazil (BC) has issued a directive requiring banks, securities firms, and other institutions already under its supervision to meet two additional core requirements if they wish to enter the cryptocurrency market: engaging a qualified independent technology certification company to audit their disclosures and submitting audited documentation demonstrating the segregation of client assets from their own assets. The new requirements will take effect on February 2nd (with some exemptions/exceptions for certain types of institutions).
Brazil's central bank: Banks and securities firms must introduce independent third-party technical certification to conduct cryptocurrency business.
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