| Bio: |
Lack of regulation is likely to have contributed
to latest tensions between firms coping with crypto belongings (including cryptocurrencies),
and several other major incumbents in the formal banking sector.
The institution of a single contact point for companies uncertain which regulator to
address is also helpful. Importantly, the proposal explicitly recognises the necessity to accommodate business models that enter
the spheres of a number of regulatory bodies, together
with the Central Bank, SUSEP and the Complementary Pension Regulator.
The CVM was the first regulator to take formal steps in direction of the creation of a sandbox
surroundings inside its own regulatory sphere, proposing an experimental regulatory framework for the securities market.
A "Sandbox Committee", consisting of CVM personnel, controls
the setting and displays participating companies, who could face restrictions on certain business actions to guarantee the security, healthiness and efficiency of monetary and
capital markets. Based on the observe, innovative enterprise fashions are people who make revolutionary use of know-how
or use new technologies, introduce new products or services, or promote efficiency positive
factors or enhanced access to monetary products and services.
For instance, the introduction of electronic health information can facilitate the
analysis of healthcare interventions, enhance public well being planning and elevate the efficiency of the services supplied. |
