According to Livecoins, since the enactment of Brazil's Law No. 14,478/2022 and the Central Bank's new regulations on virtual asset oversight, local Bitcoin P2P traders are facing significant operational pressure. Several interviewed P2P operators stated that the new rules impose high thresholds for Virtual Asset Service Providers (VASPs), including a minimum capital requirement of approximately $2.26 million and exchange-related thresholds as high as $5.66 million, along with demanding compliance, auditing, and system architecture requirements. Industry insiders believe these rules lack proportionality and may make it difficult for small traders to continue operating, pushing the market toward larger institutions. Some independent operators might shift to informal channels or relocate their businesses to regions with weaker regulatory oversight. https://(wublock123.com)/news/brazil-central-bank-crypto-rules-p2p-traders-exit-62340