A Securities and Exchange Commission (CVM) superintendent stated that the municipality is aware of cryptocurrency trends. In this way, the participation of committee members in market events can be intensified.
The speech was delivered by Daniel Maeda, superintendent of institutional investor oversight at the CVM, who took part in the “CHOC Reunion” event in November.
The Chief Inspector of Institutional Investor Oversight (SIN), from the CVM, represented the autarchy at the meeting, which aimed to discuss various aspects of the crypto world.
Topics included taxation, trade, and consumer or investor protection. In addition, the current and future usage possibilities, most important innovations and trends in this segment, among others, make use of.
The event had authorities from the Federal Police, the State of São Paulo and the Central Bank of Brazil, among others.
CVM superintendent says participation in cryptocurrency events is essential to keep up with industry trends
Following the participation of a CVM representative at a cryptocurrency market event, Superintendent Daniel Maeda understands that being present in the debates is essential, with an emphasis on following industry trends.
“CVM’s participation in market events on this topic is essential to understanding the trends and key discussions about cryptoassets and tokens in general.”
In addition to learning more about cryptocurrencies and especially tokens, which is the main focus of the CVM, Maeda said it’s important to show the market the committee’s view on the subject, dispelling any doubts.
“Furthermore, we can also show how the CVM can contribute to the development of investments through this ecosystem and its use for securities issuance and financing productive activities in innovative ways.”
Maeda’s participation took place on the panel”Stablecoins and asset backed tokens: consequences of creating new businesses with crypto assets and raising funds through ICOsOn this topic, the CVM prohibits companies and people from conducting ICOs of new cryptocurrencies and tokens in Brazil.
President of the CVM celebrated the passing of the cryptocurrency law
Last week, the president of CVM, João Pedro Nascimento, celebrated the arrival of regulations in the sector. This is because the passage of the cryptocurrency law in Brazil helps the work of the municipality.
Speaking at an event in Brasilia, with the presence of Livecoins, João Pedro stated that regulatory clarity gives more power to the work of the CVM, which must act more rigorously in the market.
In addition, the commission has recently issued Opinion No. 40 of 2022, which gives companies insight into the regulator’s issue.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
