Exchanges· ★★· neutral·

Brasil Bitcoin says Renato Cariani deal is inactive and poses no risk to clients

  • —São Paulo prosecutors requested Renato Cariani's arrest on Oct. 28
  • —CEO Jorge Almeida says the Cariani contract is inactive and investor funds are unaffected
  • —Minority shareholder Erick Crus (40%) says he never approved the deal and is contesting it in court
  • —The deadline for the central bank registration filing is Oct. 30
Why it matters: The scandal at one of Brazil's four largest exchanges by volume could complicate its central bank registration and weigh on client confidence.
Source: Livecoins
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