Central Bank of Brazil delays crypto regulation to end of year

The Central Bank of Brazil announced on May 20 it will delay its crypto regulation until the end of the year.

Last year, the central bank’s director of regulation, Otavio Damaso, told a congressional hearing that he expected regulation to be ready by June.

Now the central bank is taking a phased approach to regulation and will open a second public consultation, Reuters reported.

A first public consultation was launched in December 2023 and closed in January, on issues such as segregating assets

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