Brazil's central bank has officially unveiled a regulatory framework for the crypto industry, requiring all virtual asset service providers (VASPs) to obtain a central bank license and hold a capital base of at least 10.80 million to 37.20 million reais (about $2 million to $7 million) depending on the type of business. The new regulations bring crypto activities under the scope of foreign exchange and capital markets supervision, require companies to regularly report cross-border transaction da...