The Brazilian Association of Cryptoeconomics (ABcripto) reaffirms its commitment to strengthening the Securities and Exchange Commission (CVM), highlighting the strategic importance of the municipality for the capital market and the development of financial innovations in Brazil. Upon signing the “Open Letter: Strengthening the CVM as a Pillar of the National Capital Market”, a ABcripto emphasises the need for concrete actions to ensure the sustainability and modernisation of the CVM in the face of the challenges posed by the exponential growth of the market.
In recent years, the Brazilian capital market showed robust growth, with the number of supervised participants jumping from 55 thousand, in 2019, para 90 mil em 2024 — an increase of over 60%. In the same period, the equity of investment funds increased by 71%, reaching R$ 9,4 trillion. However, this progress was not matched by a proportional expansion of the CVM structure, that faces limitations in human and financial resources, compromising your ability to oversee and foster the development of the sector.
For Bernardo Srur, CEO of ABcripto, A CVM é fundamental para garantir a integridade, transparency and trust in the Brazilian capital market. The strengthening of the autonomous agency is essential to meet the growing demands, especially in an environment of technological innovations and new business models, like those emerging in the universe of crypto assets and decentralized finance (DeFi).”
A ABcripto emphasises that strengthening the CVM goes beyond the area of regulation and supervision. In partnership with the local authority, the association develops initiatives focused on financial education and the dissemination of knowledge about crypto assets and DeFi. This collaboration aims to empower investors and promote a more robust and inclusive market. An example of this synergy is the agreement signed between ABcripto and the CVM, which establishes guidelines for the implementation of joint projects, potentiating the efforts of both parties towards a more transparent and efficient market.
Bernardo Srur also emphasises that the commitment to the CVM reflects the responsibility for Brazil's economic growth and for building a capital market that inspires confidence and attracts investments. We are confident that, through joint actions between the government, entities and society, we will be able to ensure the strengthening of the CVM as an indispensable pillar for the future of the Brazilian market.”
A ABcripto is actively engaged in dialogue with the CVM and other stakeholders to contribute to solutions that strengthen the financial ecosystem, driving Brazil's competitiveness on the global stage.
