The Brazilian Association of Crypto-economy (ABcripto) reaffirms its commitment to strengthening the Securities and Exchange Commission (CVM), highlighting the strategic importance of the authority for the capital market and the development of financial innovations in Brazil. By signing the "Open Letter: Strengthening the CVM as a 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 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, for 90 thousand in 2024 — an increase of more than 60%. In the same period, the net worth of investment funds grew 71%, reaching R$ 9,4 trillion. However, this advancement was not accompanied by the proportional expansion of the CVM structure, that faces limitations in human and financial resources, compromising your ability to supervise and promote the development of the sector.
For Bernardo Srur, CEO of ABcripto, the CVM is essential to ensure integrity, transparency and trust in the Brazilian capital market. The strengthening of the autarchy 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).”
ABcripto highlights that the strengthening of the CVM goes beyond the area of regulation and supervision. In partnership with the municipality, 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 CVM, that establishes guidelines for the implementation of joint projects, enhancing the efforts of both parties towards a more transparent and efficient market.
Bernardo Srur still emphasizes 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 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.”
ABcripto remains engaged in dialogue with the CVM and other stakeholders to contribute solutions that strengthen the financial ecosystem, boosting Brazil's competitiveness in the global scenario.
