Brazil's Central Bank Seeks Public Input on Digital Asset Accounting Rules

币界网报道:Brazil's central bank has opened a public consultation on proposed accounting rules for digital assets, seeking feedback until October 31. The draft regulations aim to establish standardized reporting requirements for crypto holdings by financial institutions, classifying digital assets into four categories: fungible tokens, NFTs, stablecoins, and central bank digital currencies (CBDCs). The proposal requires banks to disclose crypto exposures separately from traditional assets and implement specific valuation methods, including marking crypto positions to market prices. Notably, the rules would mandate that institutions holding more than 10% of their equity in crypto obtain prior central bank approval. This move comes as Brazil emerges as Latin America's largest crypto market, with authorities working to balance innovation with financial stability concerns. The central bank plans to finalize the rules by early 2024 following the consultation period.

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