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Brazil Securities Regulator Targets Crypto Exchange Mercado Bitcoin On Token Issuance

Katie Lin

Summary: According to CoinDesk Brazil, the Brazilian Securities and Exchange Commission (CVM) has requested that crypto exchange Mercado Bitcoin provide it with information on fixed-income tokens the exchange has issued over the past two years. The CVM wants to know the amount the exchange raised through the tokens as well as a list of investors who ...

According to CoinDesk Brazil, the Brazilian Securities and Exchange Commission (CVM) has requested that crypto exchange Mercado Bitcoin provide it with information on fixed-income tokens the exchange has issued over the past two years.

The CVM wants to know the amount the exchange raised through the tokens as well as a list of investors who participated.

Mercado Bitcoin said in a statement that it didn’t hold offerings of securities outside of its authorized scope.

The CVM plans to release a guide advising companies to consult with the CVM before issuing any token that may be considered a security.

Author: Katie Lin

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