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Grab Your Share of the 300 USDT Prize Pool!TWT: Trust Wallet Ecosystem TokenHTX Creation Challenge — Post and Win 1,500U 💥 The institution issued a ban on Banco Topazio’s ability to conduct foreign pu

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The institution issued a ban on Banco Topazio’s ability to conduct foreign purchases and sales of cryptocurrency assets for two years after detecting irregularities in the due diligence processes for these operations. Additionally, the institution was fined $3.2 million.

Key Takeaways:

Brazil’s Central Bank banned Banco Topazio for 2 years and fined it $3.2M over unchecked crypto trades.

Unchecked crypto trades totaled $1.7B, comprising 63% of Banco Topazio’s foreign exchange volume.

Ailton Aiquino warned that similar violations could trigger bans for other Brazilian banks.


As banks enter the cryptocurrency business, regulators are becoming more vigilant on the compliance processes they must follow to conduct these operations safely.

The Administrative Sanctioning Process Decision Committee (Copas) of the Central Bank of Brazil imposed a two-year ban on Banco Topazios’ foreign cryptocurrency trading operations due to irregularities in transactions accounting for billions of dollars.

The committee determined that Banco Topazio disregarded compliance measures between October 2020 and September 2021, when it executed cryptocurrency purchases without executing procedures to determine the qualification of the third parties benefiting from these operations.

Banco Topazio’s trading volume during that period reached $1.7 billion involving 15 legal entities without notifying of atypical operations. Topazio was fined $3.2 million for irregularities in determining customers’ financial capacities, deficiencies in its registration procedures, and failure in determining AML/CFT (Anti-Money Laundering and Terrorist Financing) risks.

These transactions accounted for 63% of Topazio’s foreign exchange volumes during the period, and 46% of the institution’s market operations. This led the reviewing committee to determine that the irregularities we

Brazil Slaps Banco Topazio With $3.2M Fine and 2-Y

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Dogecoin futures open interest hits $1.79 billion as BTC and ETH derivatives go flat Dogecoin futures open interest (OI) climbed 5.09% to $1.79 billion on May 14, with trading volume jumping 81.62% to

Dogecoin futures open interest hits $1.79 billion as BTC and ETH derivatives go flat
Dogecoin futures open interest (OI) climbed 5.09% to $1.79 billion on May 14, with trading volume jumping 81.62% to $3.99 billion,
In comparison to the top five coins, none moved in the same direction. Bitcoin OI slipped 0.36%. Ethereum added 0.94%. Solana dropped 5.96%. XRP fell 2.52%. All four traded lower on the day. $DOGE held near $0.1157, up about 1%.
As Cryptopolitan reported earlier, $DOGE open interest stood at $629 million the previous week. It has nearly tripled since.



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Dogecoin futures open interest hits $1.79 billion

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Grab Your Share of the 300 USDT Prize Pool!TWT: Trust Wallet Ecosystem TokenEverything Can Be Huobao Bitcoin at the $82,000 Mark: What Does It Take to Reach $91,700? Cryptocurrency analytics company M

Bitcoin at the $82,000 Mark: What Does It Take to Reach $91,700?

Cryptocurrency analytics company MakroVision has assessed Bitcoin’s recovery process in recent weeks.

The technical analysis shared by the company stated that Bitcoin has strongly recovered from its low point of $60,000 and has regained the critical region between $72,000 and $75,000.

According to MacroVision, Bitcoin is now testing the key resistance level of $82,500. Analysts note that this level may be tested for the third time in the short term, and the absence of strong selling pressure or sharp rejection so far is a positive signal for the uptrend.

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According to the company, the most important support zone for Bitcoin is between $72,000 and $75,000. In upward movements, after the $82,500 level, the $85,000 to $86,000 range stands out as a significant resistance area.

MacroVision stated that if Bitcoin breaks through these resistance zones, the price could advance to $91,700 or higher. The analysis noted that maintaining the current support zone is critical for the continuation of the uptrend, and that any potential pullbacks could be considered constructive corrections as long as the price remains above this area.

The company stated that, in the current outlook, Bitcoin remains strong and whether the short-term bullish momentum in the market can be sustained will depend on price behavior at resistance levels in the coming period.



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