The Brazil Securities Commission (CVM) ordered Eike Fuhrken Batista, Luis Claudio Silva Rubio, Sizuo Matsuoka, Ebx Digital LLC, BRXE Global Holdings LLC, BRXE Brasil Holdings Ltda, BRXE USA Holdings LLC and BRXE Dubai Holdings LLC to immediately suspend activities offering securities to the public resident in Brazil, after identifying an online promotion of digital-asset (token) investments that it considers to fall within the legal definition of securities. The offer was marketed via eiketoken.com and targeted at Brazilian residents despite the parties lacking CVM authorisation to act as securities offerors. Under Deliberation CVM 898, the stop-order also applies to the participants’ partners, officers, administrators and agents, and non-compliance may result in a daily coercive fine of BRL 100,000, without prejudice to liability for violations already committed.
Brazil Securities Commission (CVM) 2025-04-03
Brazil Securities Commission orders Eike Fuhrken Batista and BRXE group to halt unauthorised token investment offering to Brazilian residents
The Brazil Securities Commission (CVM) has ordered Eike Fuhrken Batista and associated entities to halt offering securities to Brazilian residents, following an online promotion of digital-asset investments deemed securities. The stop-order, under Deliberation CVM 898, extends to partners and agents, with non-compliance risking a daily fine of BRL 100,000.