Techub News reported that according to Reuters, the Central Bank of Brazil is gradually advancing the regulation of crypto assets and virtual asset service providers, and is expected to put forward specific regulatory proposals by the end of this year. Although the process has been delayed, the central bank has adopted a phased implementation approach to ensure the effectiveness and comprehensiveness of the regulations. Through the new public consultation, the Central Bank of Brazil aims to collect more opinions to develop a more reasonable and feasible regulatory framework.