Security· ★★· neutral·

Brazil's Paraná court voids Rental Coins crypto lease contract, holds partners liable

  • —Court voided a contract for 547,000 BRMV tokens promising 13.5% monthly returns
  • —Expert report found the token had no backing and its code had serious flaws
  • —Partners must repay principal in reais, adjusted for IPCA inflation plus interest
  • —Claims against car dealer Smart Car Center for joint liability were rejected
Why it matters: The ruling pierces the corporate veil of scheme organizers in Brazil, raising legal risk for sellers of similar crypto-leasing products.
Source: Livecoins
More on this
Regulation · Sep 28
Brazil's STJ upholds crypto payment contracts, rejects annulment over price drop
 Regulation · Oct 13
Kraken exec flags US crypto regulation void as CFTC steps in
 Regulation · Oct 12
French parliament finance committee rejects 2027 budget revenue, voiding crypto tax amendments