PANews March 4th Report: According to DL News, the Central Bank of Brazil has issued new regulations requiring licensed cryptocurrency trading platforms to submit daily reports starting January 1, 2027. These reports must demonstrate sufficient funds to handle risks such as hacking attacks and comply with data protection and confidentiality obligations according to commercial bank standards. The new rules also mandate that exchanges keep their fiat currency accounts, crypto asset accounts, and customer asset accounts fully separate, and include crypto assets in their balance sheets following a dedicated accounting manual. Additionally, regulators will impose restrictions and review processes on cross-border transfers to enhance the traceability of on-chain fund flows, aiming to curb money laundering, tax evasion, and funding of criminal activities using crypto assets.
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