Out of the estimated 200 to 300 crypto companies now operating in Brazil, only 10 would have the structure and funding to satisfy the new rules established by the central bank, which establish capital requirements of up to 37.2 million reais, nearly $7.2 million, in some cases. Brazilian Crypto Market Expected To Consolidate After New […]
Source: https://news.bitcoin.com/regulation-and-legal/strict-capital-rules-trigger-mass-exit-of-brazil-crypto-firms/
