According to officials from the CVM, Brazil’s equivalent of the SEC, this milestone will be achieved thanks to the crowdfunding regulations that allow these processes to operate as a sandbox within the Brazilian economy.
Despite these promising figures, public companies remain prohibited from leveraging crowdfunding platforms.
In related news, tokenization in Brazil is experiencing exponential growth, prompting warnings from the CVM about its rapid development and associated risks.
https://news.bitcoin.com/brazilian-sec-asset-tokenization-market-to-surpass-740-million-in-brazil/
