Brazil's securities regulator CVM is investigating tokenization activities in the country.
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Aug 7
According to local media reports, CVM has sent letters to a number of companies that provide tokenization services to third parties, requesting data related to their operations and the types of tokens issued during these events. Some of the questions raised in these letters relate to the number of tokenization operations completed by each company, the names of the assets that support them, and the so-called classification of these tokens (utility tokens, payment tokens, or securities).
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