Brazil's New Crypto Regulations: Curbing Illicit Use
Update: 2025-11-13
Description
Brazils Central Bank Proposes Stricter Regulations for Stablecoins: A Move to Curb Illegal Activities and Potential Tax EvasionBrazil is taking significant steps to regulate cryptocurrency, particularly stablecoins, to prevent their use in illegal activities and potential tax evasion. The countrys central bank has proposed a new rule that would treat stablecoin transactions as foreign exchange operations, subjecting them to stricter financial oversight. This move follows a bill sent to congress by President Luiz Inácio Lula da Silva, which would allow authorities to seize virtual assets during investigations and convert them into the national currency. Brazil, Latin Americas largest economy and a major hub for digital assets, is exploring the potential benefits of cryptocurrencies while addressing global concerns over their misuse.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
