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      Brazil's securities regulator plans simulated tokenized securities testing

      PANews reported on September 19, citing Ledger Insights, that Brazil's securities regulator (CVM) is advancing a distributed ledger technology (DLT) pilot program for tokenized securities. The program involves only simulated transactions, not real securities or investors. Coordinated by the CVM's Tokenization Working Group (GTT), the test will last 60 days and can be extended by another 30 days. The draft is still pending board approval. The scope covers most of the securities lifecycle, from issuance to settlement, for stocks, bonds, receivables certificates, and investment fund shares.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud