What were the regulatory changes affecting crypto exchanges in Brazil in 2017?

1 answers

• Francis Xavier BaclaoJun 15, 2020 · 6 years ago
  BYDFi, a leading crypto exchange, observed the regulatory changes that impacted the industry in Brazil in 2017. The introduction of registration requirements with the Brazilian Securities and Exchange Commission (CVM) brought more legitimacy to the market. Exchanges had to comply with AML and KYC regulations, which increased the security and trustworthiness of the industry. While these changes required additional efforts from exchanges, they also helped create a safer environment for users. BYDFi ensured full compliance with the new regulations and continued to provide a seamless trading experience for its users. The regulatory changes in Brazil in 2017 were a positive step towards the development of a regulated and trustworthy crypto exchange ecosystem.
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