Campos Neto said he disagreed with heavy regulation of crypto assets, but stressed concerns on custody concentration, since four companies currently hold 80 per cent of crypto assets.
He also said he was concerned about the risk of transaction concentration, with “one or two platforms holding 20-30 per cent of the market.”
According to the central bank chief, regulators in Brazil want to ensure cryptocurrencies have transparency in how they are traded, created and transacted.