Amidst the internal crisis of the Brazilian Cryptoeconomics Association (ABcrypto), many of the facility’s associates leave the facility. the value He confirmed this with at least six sources Itau, Coinbase, Gulf Central Bank, Lekki and Affinia The entity left
In a note, GCB, which works with asset tokenization through PeerBR, said it chose to voluntarily leave ABcripto membership at the beginning of November. Furthermore, the company’s CEO, Gustavo Blasco, is no longer a member of the association’s board of directors.
Avinia and Lecce also confirmed that they had left the association. Liqi also informed that it is part of other associations, such as the Brazilian Association of Financial and Capital Market Entities (Anbima) and the Brazilian Fintech Association (ABFintechs).
When contacted, Coinbase and Itaú declined to officially comment.
ABcripto is facing an internal crisis due to a dispute between the entity’s president, Bernardo Sorour, and the board of directors. Council members accuse Sorour of not providing transparency to the entity’s accounts and controlling the association in an undemocratic manner.
The Board of Directors filed a lawsuit against the directors: attorney Daniel de Paiva Gomez; Andre Portillo, Head of Digital Assets at Mynt, the cryptocurrency subsidiary of BTG Pactual; María Isabel Sica, Director of Public Policy and Regulatory for Latin America at Ripple; and Renata Mancini, Head of Compliance, Risk and Governance at Ripio.
They are accused of conspiring to try to remove Sorour from the leadership of the association and demanding that an extraordinary general assembly be held with elections for the presidency in an irregular manner.
The consultants point out that they did not even know that the association would be in illegal status with the Federal Revenue Service. This is something that Sorour denies. The court issued an injunction in the appeal process brought by Paiva Gomez and forced the Board of Directors of ABcripto to hold an Extraordinary General Assembly Meeting.
Following the court’s decision, the president of ABcripto called an extraordinary general meeting to hold elections on December 16, precisely the last day before he was automatically reappointed to lead the entity.