Brazil’s Comissão de Valores Mobiliários (CVM) has announced plans to initiate a second regulatory sandbox focusing on tokenization, set to start in 2024. The sandbox will allow companies to test products or ideas under relaxed regulations, potentially in sectors like agribusiness and Environmental, Social, and Governance.
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Binance Scrutiny: Balancing Innovation and Regulation in the Crypto Industry
Binance faces increasing government scrutiny, including being summoned to the Brazilian parliament due to its alleged involvement in facilitating asset transfers for pyramid schemes. The exchange is also under investigation by various global regulators, raising questions about its future and potential impact on the crypto industry.