Global Crypto Market Sees Regulatory Shifts in Brazil and Exchange Consolidation in Japan
Global Crypto Market Sees Regulatory Shifts in Brazil and Exchange Consolidation in Japan
Brazil's central bank has moved to restrict the settlement of virtual assets within its regulated eFX payment rails, signaling a tightening of oversight on crypto-linked transactions. Meanwhile, in Japan, SBI Holdings is actively seeking to acquire crypto exchanges, with discussions underway to make Bitbank a subsidiary, driven by improving regulatory clarity in the region.
Brazil’s central bank barred virtual assets from settlement inside regulated eFX payment rails as it tightens oversight of crypto-linked flows.
SBI Holdings is in discussions to make Bitbank a subsidiary, adding to its push to acquire crypto exchanges amid improving regulatory clarity in Japan.