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6. Individuals within the program are subject to BCB regulatory needs. They contain institutions regulated by the BCB as well as other institutions that technically fall exterior the regulatory perimeter but come to be issue to selected regulatory specifications and supervision (as talked over below) If they're permitted to get involved in Pix. Whilst Pix activity is mostly carried out by way of domestic and overseas banking companies (about fifty seven percent in the once-a-year volume of transactions), payment institutions and fintech entities aren't considerably behind (39 per cent), and the rest is usually comprised of credit unions (about 4 %).

Originally, conglomerates using a payment establishment within the apex would then encounter lower cash needs, which contributed for their competitive edge compared to big financial institutions. Not too long ago, the authorities have resolved this difficulty by setting up commensurate money rules between these two forms of conglomerate products.

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