CVM


Markets

Brazil Set to Launch World’s First Spot XRP ETF

The Hashdex Nasdaq XRP fund is currently in a pre-operational phase, but does not yet have an official start date.

Brazil's flag (Rafaela Biazi/Unsplash)

Policy

Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering

The Latin American country's agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products.

(Vadim Artyukhin/Unsplash)

Policy

Binance Ordered to Halt Offering Derivatives Trading in Brazil

The order is the regulator’s first public stance on cryptocurrency derivatives trading.

Brazilian law treats all derivatives products as securities, no matter the underlying asset. (Danny Nelson/CoinDesk, altered with PhotoMoosh)

Finance

Brazil's New Blockchain Data Tool Cost $250K, Runs on Quorum

Brazil's central bank spent 1.3 million Brazilian reals (USD $250K) over two years building its new database for financial regulators on Quorum, replacing a slow and expensive paper-based system with a fully digitized version.

(Jo Galvao/Shutterstock)

Markets

Brazilian Financial Regulators Will Vet Companies and Political Appointees on a Blockchain

Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER.

"Our objective is that this system promotes gains to the market," said CVM President Marcelo Barbosa. (Image via Edilson Rodrigues/Wikimedia Commons)

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