On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market.
Brazilian Securities Regulator CVM to Create Separate Crypto Regulatory Institution
The growth of the cryptocurrency market is causing troubles for some regulatory agencies around the world that lack the manpower needed to reach all actors in the market. The Brazilian Securities Regulator, CVM, announced on Nov. 1 that it will create a crypto-specific superintendence with the objective of exercising the needed oversight over all participants in the market.
Joao Pedro Nascimento, president of the CVM, stated that one of the causes of this decision is the lack of manpower the organization is experiencing right now, which a
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