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Brazil Takes Bold Lead in Crypto Regulation with Strict Stablecoin Rules
Brazil Takes Bold Lead in Crypto Regulation with Strict Stablecoin Rules
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Brazil’s Central Bank has positioned the country ahead of the U.S. in crypto regulation by implementing stringent stablecoin rules. The new framework restricts transfers, particularly those involving foreign currency-backed stablecoins, to enhance security and consumer protection.
Transfers to self-custody wallets now face strict limitations, aiming to prevent capital flight to non-Brazilian entities. The regulations also mandate robust reserve requirements for stablecoin issuers.
Itaú Unibanco, Brazil’s largest private bank, is exploring a stablecoin launch under these new rules—a sign institutional players are adapting to the regulated environment.
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