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six. Participants from the program are issue to BCB regulatory demands. They consist of establishments regulated via the BCB along with other establishments that technically fall exterior the regulatory perimeter but turn out to be subject matter to particular regulatory necessities and supervision (as discussed underneath) if they are allowed to be involved in Pix. While Pix action is generally completed by using domestic and foreign financial institutions (about fifty seven percent in the once-a-year quantity of transactions), payment institutions and fintech entities usually are not considerably behind (39 per cent), and the rest is mostly comprised of credit score unions (about 4 p.c).
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