Brazil Plans Second Regulatory Sandbox Program for Tokenization Use Instances in 2024
The Brazilian securities regulator, the Comissão de Valores Mobiliários (CVM), plans to start a second regulatory sandbox programme in 2024, concentrating on tokenization use instances.
Brazil Plans Second Regulatory Sandbox Program
The Brazilian securities regulator, the Comissão de Valores Mobiliários (CVM), plans to start a second regulatory sandbox programme in 2024, concentrating on tokenization use instances.
Maeda remarked that the CVM intends to foster innovation with out imposing constraints. Whereas specific instances haven’t been established, the regulator is excited by areas reminiscent of agribusiness and Environmental, Social, and Governance (ESG). Nonetheless, the second sandbox program’s introduction will likely be contingent on adjustments in Brazil’s crypto market, particularly developments involving the nation’s central financial institution digital forex, the Drex.
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