Brazil’s SEC seeks to change its role in cryptocurrency regulation By Cointelegraph

The Brazilian Securities and Exchange Commission would be to chase changes in the legal framework of the country regarding its regulation of cryptocurrencies.

According to local media, one of the main concerns is that the bill in question does not appear to consider tokens as digital assets or securities – and therefore would not fall under SEC regulation. The updated position from the country’s SEC follows the appointment of a new board of directors and the increased relevance of the crypto sector in the country’s financial services.