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On April 26, 2018, Brazil's National Monetary Council issued Resolution 4,656, regulating credit financial technologies (source document in Portuguese).
On April 26, 2018, Brazil's National Monetary Council issued Resolution 4,656, regulating credit
financial technologies (source document in Portuguese). Under the
Resolution, direct credit companies and interpersonal loan
companies will be considered financial institutions and entitled to
conduct loan and financial operations through electronic platforms.
The Resolution also provides certain requirements for obtaining
authorization from the Central Bank of Brazil.
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