{"id":74973,"date":"2026-07-05T11:53:40","date_gmt":"2026-07-05T11:53:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/inside-brazils-vasp-crackdown-bolivias-40-devaluation-and-venezuela-crypto-aid\/"},"modified":"2026-07-05T11:53:40","modified_gmt":"2026-07-05T11:53:40","slug":"inside-brazils-vasp-crackdown-bolivias-40-devaluation-and-venezuela-crypto-aid","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/inside-brazils-vasp-crackdown-bolivias-40-devaluation-and-venezuela-crypto-aid\/","title":{"rendered":"Inside Brazil\u2019s VASP Crackdown, Bolivia&#8217;s 40% Devaluation, and Venezuela Crypto Aid"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Brazil put VASPs into Type 3, imposing strict brokerage-level capital and risk requirements on crypto firms.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">OKX launched a 20 USDT airdrop for La Guaira residents, providing direct financial aid to earthquake victims.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bolivia floated its currency after 15 years, devaluing the boliviano 40% to reverse critical dollar shortages.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Same Risk, Same Rules: Brazil to Regulate Crypto VASPs Like Traditional Securities Brokerages<\/h2>\n<p>The Central Bank of Brazil is tightening the rules that <span>cryptocurrency<\/span> companies and virtual asset service providers (VASPs) must follow to operate in the country.<\/p>\n<p>On Wednesday, the bank <a href=\"https:\/\/news.bitcoin.com\/same-risk-same-rules-brazil-to-regulate-crypto-vasps-like-traditional-securities-brokerages\/\">issued<\/a> Resolution No. 580\/2026, amending Resolutions 436\/2024 and 201\/2022, to classify companies that provide virtual asset services and conglomerates led by these companies as Type 3.<\/p>\n<p>Before this, the Type 3 classification grouped securities brokerage firms, securities distribution firms, and foreign exchange brokerage firms; now, this class also includes VASPs, applying the same requirements to these institutions.<\/p>\n<p>This means that, starting January 1, 2027, these institutions will be <a href=\"https:\/\/www.bcb.gov.br\/detalhenoticia\/21192\/nota\" target=\"_blank\" rel=\"noopener noreferrer\">subject<\/a> to <strong>\u201ca set of prudential requirements, including risk management rules, capital requirements, and information disclosure policies.\u201d<\/strong><\/p>\n<p><\/p>\n<h2>OKX Announces Direct Crypto Aid for Venezuelans Hit by Devastating Twin Earthquakes<\/h2>\n<p>OKX, one of the largest <span>cryptocurrency<\/span> exchanges by <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a>, has <a href=\"https:\/\/news.bitcoin.com\/okx-announces-direct-crypto-aid-for-venezuelans-hit-by-devastating-twin-earthquakes\/\">taken action<\/a> to help Venezuelan users affected by the twin earthquakes that left over 2,000 dead and hundreds of buildings collapsed.<\/p>\n<p>On social media, using its Latam account, OKX referred to the twin earthquakes that hit Venezuela on June 24, 2026, and how the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> community has responded to this event in one of the Latam countries with growing <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> adoption.<\/p>\n<p><strong>\u201cWe know that these days have been difficult. But we have also seen something extraordinary: the solidarity of Venezuela and the entire international community, which fills us with hope,\u201d<\/strong> it declared.<\/p>\n<p>To help Venezuelan users in regions hit by the natural disaster, OKX announced it will distribute 20 <a href=\"https:\/\/buy.bitcoin.com\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a> to each user with proof of address (POA) verifying they reside in La Guaira, the state most affected by the twin earthquakes.<\/p>\n<h2>Bolivia Abandons Fixed Exchange Rate Scheme After 15 Years, Adopting a Floating Dollar System<\/h2>\n<p>The Ministry of Economy has issued a new resolution that corrects a situation that had been hampering the Bolivian economy for years.<\/p>\n<p>On June 26, the Ministry <a href=\"https:\/\/news.bitcoin.com\/bolivia-abandons-fixed-exchange-rate-scheme-after-15-years-adopting-a-floating-dollar-system\/\">published<\/a> Resolution 245, opening the Bolivian market to a system of free flotation on the dollar exchange rate. The exchange rate had been fixed at 6.96 Bolivian bolivianos per dollar since November 2011. The new exchange rate opened at 9.73 Bolivian bolivianos on Monday, an implied devaluation of nearly 40%.<\/p>\n<p>In the resolution, the ministry acknowledges that this regime was established when oil exports had surged, but that since 2005, these revenues have been drying up, underscoring the need to incentivize other economic sectors to generate their own dollars and improve the balance of payments and foreign reserve accumulation.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/latam-insights-inside-brazils-vasp-crackdown-bolivias-40-devaluation-and-venezuela-crypto-aid\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Brazil put VASPs into Type 3, imposing strict brokerage-level capital and risk requirements on crypto firms. OKX launched a 20 USDT airdrop for La Guaira residents, providing direct financial aid to earthquake victims. Bolivia floated its currency after 15 years, devaluing the boliviano 40% to reverse [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":74974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74973"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74973"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74974"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}