Association denounces cryptocurrency brokerage firm to Central Bank, CVM and Prosecutors

In reaction, Binance said that "the charges brought are unfounded and incorrect, and are anti-competitive in nature."

RIO DE JANEIRO, BRAZIL - The Brazilian Cryptoeconomy Association (ABCripto) said on Friday, March 5th, that it has requested the Central Bank, the Federal Prosecutor's Office (MPF) and the Securities and Exchange Commission (CVM) to investigate potential irregular practices by Binance cryptocurrency broker in Brazil.

In a statement, the association said it forwarded the complaints on Tuesday, March 2nd. It said "Binance is not authorized to operate as a financial and payment institution in the country."

"ABCripto reports that it has closely followed the development of the activities in Brazil of the company 'Binance Futures', based in Malta," says the . . .

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