CVM issues stop order against six cryptocurrency companies for irregular operations in Brazil

The Brazilian Securities and Exchange Commission (CVM) has issued a stop order against six companies that were operating irregularly in the cryptocurrency market in Brazil. The companies cited include:

1. 4xCube Limited (4XC) - Offering services such as foreign exchange, metals, futures and cryptocurrencies without authorization.

2. FX Winning Limited - Engaged in securities transactions without approval.

3. CoinMarket Brasil - Also operating without registration in the country.

4. BondsFX - Offering investment services without regulation.

5. FxBlue - Operating without CVM authorization.

6. IQ Option FX - Carrying out public offerings of securities without approval from the authority.

These companies have been accused of attracting Brazilian clients without authorization and have been instructed to suspend their operations immediately, under threat of daily fines. The CVM warns investors to be careful with unregulated platforms.