By Bitcoin.com - 1 year ago - Nguva yekuverenga: 2 maminitsi
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 kuderedzwa neBrazilian Securities and Exchange Commission (CVM) pamasevhisi ayo anopa vatengi kuburikidza nepuratifomu yayo.
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.
Aya ma tokeni anowanikwa kune vatengi vane inopfuura imwe nhamba ye stablecoins, sezviri pachena inopa goho repamusoro pane zvakajairwa zvigadzirwa zvekuchengetedza munguva pfupi.
CVM Subpoena Details
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:
Isu hatiite kupihwa neveruzhinji kwezvibatiso kunze kwechikamu chemvumo yatinayo seyakatenderwa kuunganidza vanhu uye investment maneja chikuva.
Nenzira imwecheteyo, kambani yakajekesa kuti vanongwarira zvakanyanya kuti vasatyora ndima yezviito zvemasangano ane mvumo, uye kuti kambani yakange yabvunza nezve chimiro chetokens iyi isati yapa zvigadzirwa muna 2020.
Iri ndiro dambudziko richangoburwa iro shanduko yakatarisana nayo gore rino, nekambani ichiita mativi maviri akasiyana, chekutanga munaJune uye ekupedzisira one executed earlier this month. In 2021 Mercado Bitcoin wakamutswa $200 miriyoni mukutenderera kwayo kweSeries B mari, inotsigirwa neSoftbank, kuwana kukosha kweanopfuura mabhiriyoni maviri emadhora.
What do you think about Mercado Bitcoin’s CVM subpoena? Tell us in the comments section below.
Original source: Bitcoin.com