Regulatory Alerts2024-04-24 | 4056Qualified Investors
The Superintendency of the Financial System and the National Commission for Digital Assets (CNAD) define Qualified Investors to include authorized financial institutions and digital asset service providers holding at least US$ 500,000 in investable assets. Private digital asset offerings are restricted exclusively to these Qualified Investors, who must meet specific asset or net worth thresholds, and are prohibited from being sold to the general public. This regulation ensures that high-risk digital asset transactions are limited to entities and individuals with sufficient financial capacity to bear potential losses.
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