Virtual Assets
FATF Begins Review of Countries for Compliance with Virtual Asset Regulations
FATF has launched a targeted review of jurisdictions with a high number of crypto service providers. Initial results are expected in June 2027, followed by more in October. The organization will advise regulators and help close gaps.
In Brazil, only 40 crypto companies applied for VASP licenses
The Central Bank of Brazil has closed the application process for virtual asset service providers. Of the expected 150-200 companies, only about 40 submitted their documents. The others have been given a month for an orderly exit from the market, while the regulator has up to two years to review each application.