Brazil becomes first country in Latin America to approve a cryptocoin-based EFT

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SAO PAOLO, Brazil – The Comissão de Valores Mobiliários do Brasil has approved blockchain investment EFTs to trade the Sao Paulo-based B3 exchange. The move follows the approval of 3 similar funds in Canada in the last months. Rio-based QR Asset Management will make its first offering of $100m for qualified investors in June.

By Milan Sime Martinic