The Brazilian Securities Commission (CVM) should pay "special attention" to crypto activities, director-nominee Otto Eduardo Fonseca de Albuquerque Lobo said on Monday.
- "One point that deserves special attention concerns crypto-activities, which have no regulation in the country. In any case, this year the CVM authorized the trading of [exchange-traded funds], index funds, of crypto assets’ securities in Brazil," Fonseca Lobo said during a conference before senators.
- Fonseca Lobo did not give further details on how he intends to deal with crypto assets, but he said that issues such as a proposal for new regulation of public offerings, a new regulation for investment funds, an ESG agenda and communication on corporate demands are of "greatest relevance in the CVM's regulatory agenda."
- In addition to Fonseca Lobo, CAE also approved Fernando Caio Galdi to assume the role of director of CVM, the Senate announced. Both names will be discussed in plenary.
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