By Bitcoin.com - 1 tausaga talu ai - Taimi Faitau: 2 minute
Brazilian Securities and Exchange Commission CVM Subpoenas Mercado Bitcoin on Fixed Income Token Investments
The Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends regarding cryptocurrency-related fixed return investments. The company will have to disclose the details of these investments and if they plan to maintain them as available to the general public.
Mercado Bitcoin Subpoenaed on Fixed Income Token Investments
Cryptocurrency exchanges are becoming more than just that, and in regions like Latam, where there are countries with high inflation numbers, some offer bank-like products to entice customers to enter the crypto market. Mercado Bitcoin, one of the biggest cryptocurrency exchanges in Brazil, has been puʻeina e le Brazilian Securities and Exchange Commission (CVM) i luga o auaunaga o loʻo ofoina atu i tagata faʻatau e ala i lona tulaga.
The subpoena inquires about the services offered via the Tokens section on the web page of Mercado Bitcoin, which, according to the CVM, offers a way for customers to diversify their portfolio with supposed low risk and receive a high yield in different areas.
O loʻo avanoa nei faʻailoga mo tagata faʻatau e sili atu nai lo se numera o stablecoins, e foliga mai e maua ai se maualuga maualuga atu nai lo oloa faʻasao masani i se taimi pupuu.
CVM Subpoena Fa'amatalaga
The CVM is requiring certain key information about how these tokens work. Mercado Bitcoin will have to detail the number and identities of the customers that have invested in these products since January 2020. In addition, Mercado Bitcoin will have to announce if it intends to keep offering these token products in the future. If it does, the company might face sanctions if the CVM decides that the products are irregular.
However, Mercado Bitcoin affirms it is not offering irregular services. In a statement, the company explained:
Matou te le fa'atinoina se ofo fa'alaua'itele o fa'amalumaluga i fafo atu o le lautele o fa'atagaga o lo'o ia i matou e avea o se fa'atagaga fa'aputugatupe fa'apitoa ma pule fa'afaigaluega.
I le auala lava e tasi, na faamanino mai e le kamupani latou te matua faʻaeteete e aua neʻi solia le fanua o gaioiga a faʻalapotopotoga faʻatagaina, ma na faʻatalanoaina e le kamupani le fausaga o nei faʻailoga aʻo leʻi ofoina atu oloa i le 2020.
Ua na'o le fa'afitauli lata mai lea sa feagai ma le fesuiaiga i lenei tausaga, i le fa'atinoina e le kamupani ni ta'amilosaga eseese se lua, o le muamua ia Iuni ma le mulimuli one executed earlier this month. In 2021 Mercado Bitcoin siitia $200 miliona i lana taamilosaga B faʻatupeina, lagolagoina e Softbank, ausia se faʻatusatusaga e sili atu i le $2 piliona.
What do you think about Mercado Bitcoin’s CVM subpoena? Tell us in the comments section below.
Punavai autu: Bitcoin.com