Latam Insights: The Global War on Crypto Laundering Heats up Across Mexico and Brazil
The post Latam Insights: The Global War on Crypto Laundering Heats up Across Mexico and Brazil appeared on BitcoinEthereumNews.com. Key Takeaways Under Instruction 739, Brazil mandates CVM-registered independent audits to grant crypto licenses. Claudia Sheinbaum inked a €5B EU deal, allowing Mexico to coordinate global anti-laundering rules. Marco Rubio labeled CV and PCC as global terrorists, with FTO compliance penalties starting on June 5. New Rules for Crypto in Brazil: Central Bank Demands Strict Independent Audits for VASPs The Central Bank of Brazil has introduced yet another requirement to approve the operation of virtual asset service providers (VASPs) in the country. Under Normative Instruction No. 739, issued on Friday, the bank now requires VASPs to present an independent audit from an entity registered with the Brazilian Securities and Exchange Commission (CVM) to issue operational licenses. The audits, referred to as “reasonable assurance reports,” must contain data asses