From Rulebook to Roadmap: CertiK and Coins.ph on Brazil's New Rules for Virtual Asset Service Providers

CertiK's Jason Jiang and Coins.ph's Daniel Hott join Livecoins to discuss how Brazil's new VASP framework is separating prepared crypto operators from unprepared ones.

• Brazil's new regulatory framework for Virtual Asset Service Providers (VASPs) is creating a clear distinction between compliant and non-compliant crypto operators.
• The framework emphasizes open communication between regulators, operators, and security firms, with Brazil's Central Bank noted for its detailed regulations and accessibility.
• Companies entering the Brazilian market are assessed on regulatory compliance, infrastructure, on-chain monitoring, operational security, and consumer confidence, with security and compliance being key to success.

Topics: Jurisdictions, Legal regulatory, Compliance, Regulatory sandboxes pilots, Securities law classification, Aml antimoneylaundering

Tags: #brazil #vasp #certik #coinsph #regulation #compliance #virtualassets #cryptooperators #security #licensing

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EU targets 14 crypto operators and 94 banks in Russia sanctions

EU sanctions target 14 crypto platforms, 94 financial institutions and 41 shadow-fleet vessels accused of supporting Russian activity.

• The EU has imposed its 21st sanctions package against Russia, targeting 14 crypto service platforms and 94 banks for allegedly supporting Russian activities and sanctions evasion.
• New measures include asset freezes, transaction bans, and a mechanism to block crypto services across entire jurisdictions deemed to be facilitating Russian sanctions evasion.
• The sanctions also extend to shadow-fleet vessels, oil refineries, military suppliers, and dual-use goods, reflecting a broad effort to curb Russia's financial and military capabilities.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Cross jurisdictional policy, Enforcement actions litigation, Non evm chains

Tags: #eusanctions #russia #cryptooperators #financialinstitutions #sanctionsevasion #cryptoplatforms #transactionban #assetfreeze #dualusegoods #oilpricecap

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