Brazil’s Largest Local Cryptocurrency Exchange Mercado Bitcoin Review

The Brazilian Securities and Exchange Commission (CVM) requested detailed information from the cryptocurrency exchange Mercado Bitcoin, which has approximately 4 million users.

According to the news by Brazilian local newspaper Estadao, the Brazilian Securities and Exchange Commission has purchased the cryptocurrency exchange Mercado Bitcoin. in the last two years fixed income market ERC-20 tokens He asked her to give information about him. According to the statement, CVM is requesting the amount of money raised thanks to Mercado Bitcoin’s fixed income tokens and a list of participating investors. According to the CVM spokesperson, the requested documents were sent to the cryptocurrency market, which is trying to be regulated. advices and provide guidance will be referred to as.

The exchange, which gave signals to work in harmony with the authorities, made the following statements in response to the requests:

We do not publicly offer securities outside of our mandate as a legal crowdfunding and investment manager platform. However, we would like to point out that we support the regulation of digital asset service providers.

With the recent operations, it seems that the Brazilian government tried to dominate local exchanges and went on a general “cleaning” before approving the said Bitcoin (BTC) law.

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