Key Takeaways
Brazil put VASPs into Kind 3, imposing strict brokerage-level capital and danger necessities on crypto companies.OKX launched a 20 USDT airdrop for La Guaira residents, offering direct monetary assist to earthquake victims.Bolivia floated its forex after 15 years, devaluing the boliviano 40% to reverse vital greenback shortages.
Identical Threat, Identical Guidelines: Brazil to Regulate Crypto VASPs Like Conventional Securities Brokerages
The Central Financial institution of Brazil is tightening the foundations that cryptocurrency firms and digital asset service suppliers (VASPs) should comply with to function within the nation.
On Wednesday, the financial institution issued Decision No. 580/2026, amending Resolutions 436/2024 and 201/2022, to categorise firms that present digital asset companies and conglomerates led by these firms as Kind 3.
Earlier than this, the Kind 3 classification grouped securities brokerage companies, securities distribution companies, and overseas trade brokerage companies; now, this class additionally contains VASPs, making use of the identical necessities to those establishments.
Because of this, beginning January 1, 2027, these establishments can be topic to “a set of prudential necessities, together with danger administration guidelines, capital necessities, and data disclosure insurance policies.”
OKX Proclaims Direct Crypto Assist for Venezuelans Hit by Devastating Twin Earthquakes
OKX, one of many largest cryptocurrency exchanges by quantity, has taken motion to assist Venezuelan customers affected by the dual earthquakes that left over 2,000 lifeless and lots of of buildings collapsed.
On social media, utilizing its Latam account, OKX referred to the dual earthquakes that hit Venezuela on June 24, 2026, and the way the cryptocurrency neighborhood has responded to this occasion in one of many Latam nations with rising crypto adoption.
“We all know that today have been tough. However we’ve got additionally seen one thing extraordinary: the solidarity of Venezuela and your entire worldwide neighborhood, which fills us with hope,” it declared.
To assist Venezuelan customers in areas hit by the pure catastrophe, OKX introduced it can distribute 20 USDT to every consumer with proof of deal with (POA) verifying they reside in La Guaira, the state most affected by the dual earthquakes.
Bolivia Abandons Fastened Change Charge Scheme After 15 Years, Adopting a Floating Greenback System
The Ministry of Financial system has issued a brand new decision that corrects a scenario that had been hampering the Bolivian financial system for years.
On June 26, the Ministry printed Decision 245, opening the Bolivian market to a system of free flotation on the greenback trade charge. The trade charge had been mounted at 6.96 Bolivian bolivianos per greenback since November 2011. The brand new trade charge opened at 9.73 Bolivian bolivianos on Monday, an implied devaluation of almost 40%.
Within the decision, the ministry acknowledges that this regime was established when oil exports had surged, however that since 2005, these revenues have been drying up, underscoring the necessity to incentivize different financial sectors to generate their very own {dollars} and enhance the stability of funds and overseas reserve accumulation.
