ABcripto signs open letter in support of CVM and digital asset market

The Brazilian Crypto-economics Association (ABcrypto) reaffirms its commitment to strengthening the Securities Commission (CVM), highlighting the strategic importance of the municipality for the capital market and the development of financial innovations in Brazil. By signing the “Carta Aberta: The Strengthening of CVM as the Pillar of the National Capital Market”, ABcripto reinforces the need for concrete actions to ensure the sustainability and modernization of CVM in the face of the challenges posed by exponential market growth. 

In recent years, the Brazilian capital market has shown a robust growth, with the number of supervised participants jumping from 55 thousand in 2019 to 90 thousand in 2024 60%. In the same period, the net worth of investment funds grew 71%, reaching R$ 9.4 trillion. However, this advance was not accompanied by the proportional expansion of the CVM structure, which faces limitations of human and financial resources, compromising its ability to supervise and foster the development of the sector. 

For Bernardo Srur, CEO of ABcripto, “a CVM is fundamental to ensure integrity, transparency and trust in the Brazilian capital market. The strengthening of the municipality is essential to meet the growing demands, especially in an environment of technological innovations and new business models, such as those emerging in the universe of crypto assets and decentralized finance (DeFi).” 

ABcripto highlights that the strengthening of CVM goes beyond the area of regulation and supervision.In partnership with the municipality, the association develops initiatives aimed at financial education and the dissemination of knowledge about crypto assets and DeFi. This collaboration seeks to empower investors and promote a more robust and inclusive market. An example of this synergy is the agreement signed between ABcripto and CVM, which establishes guidelines for the realization of joint projects, enhancing the efforts of both parties in favor of a more transparent and efficient market. 

Bernardo Srur also emphasizes that the commitment to CVM reflects the responsibility for the economic growth of Brazil and the construction of a capital market that inspires confidence and attracts investments. “We are confident that, through joint actions between government, entities and society, we will be able to ensure the strengthening of CVM as an indispensable pillar for the future of the Brazilian market 

ABcripto continues to engage in dialogue with CVM and other stakeholders to contribute to solutions that strengthen the financial ecosystem, boosting Brazil's competitiveness on the global stage.