This a reminder that the end of December is the legal term for companies that receive foreign investment to comply with the Declaration of Economic and Financial Information by submitting their financial data, related to the base date of 30 September 2022, in the Central Bank’s system, as per Resolution No. 3,844, of 23 March 2010, of the Brazilian National Monetary Council and Circular No. 3,814, of 7 December 2016, of the Central Bank.
On 29 November 2022, the Plenary of the Federal Senate approved the final text of Bill of Law No. 4,401/2021 in which the Deputy Expedito Netto is the rapporteur. Currently, PL No. 4.401/2021 is in the final processing stage, which consists of the Brazilian president’s sanction. In summary, PL No. 4,401/2021 aims to regulate service providers of the “virtual assets” market (which includes the denominated “cryptoassets”), as well as adapt the wording of the Brazilian Penal Code, the Brazilian Law on Crimes against the National Financial System and the Brazilian Law on Crimes of Money Laundering or Concealment of Assets, Rights and Values.
This edition of Bite-size Briefings explores the regulation of crypto (or digital) assets across a number of jurisdictions: Australia, Brazil, Hong Kong SAR, Singapore, the UK and the US.
This is a reminder that 30 September 2021 is the legal deadline for companies that receive foreign investment and that have assets or equity exceeding BRL 250 million to comply with the Declaration of Economic and Financial Information by submitting their financial data related to the base-date of 30 June 2021 in the Central Bank’s System, as per Resolution No. 3,844 of 23 March 2010 of the Brazilian National Monetary Council and Circular No. 3,814 of 7 December 2016 of the Central Bank.