The Central Bank of Brazil has issued new tightened regulations for local digital asset companies so as to combat illicit activities.

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"According to the central bank's announcement, the new rules mandate that virtual asset service providers obtain central bank authorization to operate. Service providers are classified in three categories — virtual asset intermediaries, custodians and brokers."

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The Central Bank of Brazil has issued new tightened regulations for local digital asset companies so as to combat illicit activities.

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The Central Bank of Brazil has issued new tightened regulations for local digital asset companies so as to combat illicit activities.

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