Brazilian Regulator and Crypto Group Collaborate on Crypto Glossary
The Brazilian markets regulator, CVM, has partnered with the Brazilian Cryptoeconomics Association (ABCripto) to create a comprehensive glossary of crypto-related terms. The glossary aims to standardize terminology in Brazil and improve understanding of new financial technologies. The document, which contains over 200 entries, covers a wide range of topics including cryptocurrencies, digital assets, and tokenization. ABCripto emphasized the importance of establishing language standardization to make the glossary accessible to everyone. The glossary was developed by a working group from ABCripto and reviewed and validated by the CVM. It also adheres to existing Brazilian crypto-related legislation.
Hot Take: Crypto Glossary Enhances Knowledge and Structure
The collaboration between the CVM and ABCripto to create a crypto glossary is a significant step in streamlining terminology in Brazil’s crypto industry. The glossary not only provides definitions for various crypto-related terms but also ensures consistency with existing legislation. By making the language clearer and simpler, this initiative aims to facilitate knowledge and enhance communication with individual investors. With over 200 entries covering a wide range of topics, this comprehensive resource will serve as a valuable tool for anyone operating in the digital assets market in Brazil.
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