Brazil authorities announce blockchain sandbox for regulations

The crypto-market is expanding and so does the blockchain technology. The regulation of blockchain technology is also a difficult task. Recently, the four financial authorities in Brazil have made partnership and announced a blockchain regulation sandbox in South America. The aim is to bring new and advanced regulations for fintech and crypto-products. After the enactment of money laundering laws and also the steps being taken by the Financial Supervision counsel of Brazil for the regulation of digital currency has laid the foundation for this regulatory sandbox. Different sectors and institutions from all over Brazil started collaborating with each other in