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Crypto Associations Urge Central Bank to Delay New Market Rules by 120 Days

August 4, 202610:21 AM
Crypto Associations Urge Central Bank to Delay New Market Rules by 120 Days

Three major Brazilian crypto industry associations - ABToken, Zetta, and ABFintechs - have formally requested the Central Bank to delay by 120 days the deadline for implementing new crypto market rules. The entities are warning of a critical bottleneck in audits and the imminent flood of BC regulations planned for 2026, which could make operations unviable for many sector companies. The request comes at a crucial moment for the Brazilian crypto ecosystem, which seeks clear regulation but faces significant operational challenges. The associations argue that the current deadline is insufficient for compliance with new requirements, especially considering the complexity of audits and the multiplicity of regulations that will take effect next year. The BC's decision will be fundamental to the future of the crypto market in the country, directly impacting thousands of companies and investors.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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