# Glossary

This glossary provides definitions for regulatory, financial, and operational terms used throughout the Coins.xyz GitBook.

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## Regulatory & Licensing

**BACEN** — Banco Central do Brasil (Central Bank of Brazil). Brazil's monetary authority responsible for regulating financial institutions, including VASPs and PSPs.

**VASP** — Virtual Asset Service Provider. Regulatory designation for entities offering cryptocurrency exchange, custody, or payment services. In Brazil, VASPs must obtain SPSAV authorization from BACEN.

**PSP** — Payment Service Provider (Provedor de Serviços de Pagamento). Brazilian regulatory category for entities offering payment initiation, account management, or electronic money services under BACEN oversight.

**ITP** — Instituição de Pagamento Transacional (Transactional Payment Institution). A subcategory of PSP in Brazil that handles payment initiation and account-to-account transfers.

**SPSAV** — Sistema de Pagamento de Serviços de Ativos Virtuais (Virtual Asset Payment Services System). BACEN's regulatory framework for VASPs in Brazil, established in 2024.

**CNV** — Comisión Nacional de Valores (National Securities Commission). Argentina's securities regulator, responsible for overseeing capital markets and VASP licensing.

**PIX** — Brazil's instant payment system operated by BACEN. Enables real-time account-to-account transfers 24/7 with settlement in seconds.

**SPB** — Sistema de Pagamentos Brasileiro (Brazilian Payment System). Brazil's national payment infrastructure overseen by BACEN.

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## Financial & Operational

**ARS** — Argentine Peso. Argentina's national currency (ISO code: ARS).

**BRL** — Brazilian Real. Brazil's national currency (ISO code: BRL).

**USD** — United States Dollar. Primary currency for international reporting and board decision-making.

**Workstream (Epic)** — An executive-level initiative tracked as a single unit of work. A workstream does **not** imply active delivery. It requires an explicit **senior management signal** (and, when applicable, a documented board decision) before execution starts.

**M\&A** — Mergers & Acquisitions. Strategic transactions involving the purchase, sale, or combination of companies.

**OTC** — Over-the-Counter. Trading conducted directly between parties without a centralized exchange, typically for large-volume institutional transactions.

**OCBS** — Over-the-Counter Brokerage Services. Institutional-grade OTC trading infrastructure for high-net-worth clients and corporate treasuries.

**KYC** — Know Your Customer. Regulatory requirement for financial institutions to verify client identities and assess risk profiles.

**AML** — Anti-Money Laundering. Regulatory framework requiring financial institutions to detect and prevent money laundering activities.

**TL;DR** — Too Long; Didn't Read. Executive summary providing key takeaways in 1–3 sentences.

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## Organizational

**Wei** — Wei Zhou, Board Member and Co-Founder of Coins.xyz. Primary decision authority for Brazil operations.

**David** — David Wachsman, Board Member and Co-Founder of Coins.xyz. Primary decision authority for Argentina operations.

**Gui** — Guilherme Bissoli, Founder and Executive Lead of Coins.xyz Brazil. Responsible for day-to-day operations and strategic execution.

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## Geographic

**LATAM** — Latin America. Geographic scope includes Brazil (primary focus) and Argentina (conditional expansion).

**São Paulo** — Brazil's largest city and financial capital. Primary operational hub for Coins.xyz Brazil.

**Buenos Aires** — Argentina's capital and largest city. Potential operational hub for Argentina expansion.

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## Cross-References

* [Brazil Overview](/brazil/brazil.md) — Strategic context for Brazil operations
* [Argentina Overview](/latam/argentina.md) — Strategic context for Argentina expansion
* [Licensing Pathway](/brazil/brazil/legal-compliance/licensing.md) — Detailed regulatory framework
* [Decision Panel](/executive/decision-panel.md) — Pending board decisions

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📖 **Usage Note**

This glossary is referenced throughout the GitBook. Hover over acronyms for inline definitions, or return here for full context.
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