Brazilian Lawmakers Want to Hear from Binance, Bitso & OKX as MPs Target Crypto Scams
Brazilian lawmakers have summoned the heads of major crypto exchanges to parliament, with representatives of the trading platforms Binance, Bitso, and OKX all set to attend.
Per the Brazilian media outlet Livecoins, a special parliamentary commission for “cryptocurrency-based financial pyramid schemes” (known as the CPI) has approved a list of 38 people who will be summoned to parliament to face questioning from MPs.
In addition to a number of alleged crypto pyramid organizers, the list includes “witnesses” and “experts” in the crypto field.
Lawmakers say they want to develop a better understanding of crypto and how crypto-themed pyramids work, and think crypto exchanges can help them in this regard.
Some of the “experts” summoned to parliament include Guilherme Haddad Nazar, the head of Binance in Brazil.
Other exchanges were asked to attend, including the aforementioned Bitso, as well as KuCoin, OKX, Coinbase, Liqi Digital Assets, and Bitget.
Bitso is one of Latin America’s biggest crypto trading platforms.
Foxbit, which is currently working with the nation’s Central Bank on the latter’s digital real project, has also been asked to attend.
But the spotlight may fall on the representatives of “some of the biggest” suspected crypto “pyramids and frauds in Brazil.”
These include GAS Consultoria, Atlas Quantum, and Indeal.
The latter is thought to have amassed some $193 million from investors before declaring bankruptcy in February this year.
Other notable crypto advocates and experts have also been invited.
These include Fernando Ulrich, the author of the book “Bitcoin: The Currency of the Digital Era,” one of the first crypto-related publications to achieve mainstream success in Brazil.
The BTC bull Thiago Nigro, also known as Primo
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