- Brazil restricts Stablecoin to the portfolio of self -needs to reduce the risk of money laundering.
- Central Bank plans have expanded the 2025 bases for the Defi code and asset symbol with global organizational cooperation.
Brazil accelerates the coded currency framework, and places itself before the United States. According to a report Through the challenge, the Brazil Central Bank (BCB) has imposed strict rules to address Stablecoin to increase security and management. These rules limit the movement to the governor of self -friction, especially those that contain foreign currency stablecoins. This approach is related to mitigating the risks and prevention associated with Stablecoins of illegal purposes.
The gradual organizational approach to enhancing oversight
After a general consultation in January 2024 on the control control controls (AML) and the separation of assets, BCB prepared a second consultation stage. This next stage will focus on the operational rules of virtual asset service providers (VASPS) and their delegation.
By the end of 2024, the bank intends to submit a regulatory proposal. Officials expect the committee to follow, in order to integrate encryption in the largest financial preparation of Brazil. This step by step seeks a balance between financial innovation and effort towards consumer protection and system stability.
Stablecoin transfers face new restrictions
Stablecoins represents about 70 % of encryption transactions in Brazil in 2024. To reduce risks such as fraud, money laundering and tax evasion, BCB proposes more strict controls to transfers to portfolios run by non -Brazilian entities.
The new rules include increased monitoring of Stablecoin’s cross -border flows and the most striking requirements of VASPS. These measures depend on the current laws, including Law No. 14.478/2022 and Decree No. 11.563/2023, which gives the Central Bank’s authority on virtual asset services. Under this framework, VASPS must register in BCB and meet risk management standards and risk management.
Brazil’s organizational position compared to the United States
Although the United States has a delay in the death of the genius law, Brazil continues to progress. This aspiration position contradicts the constant confusion in the United States to regulate encryption.
Brazil’s actions attracted attention, especially since the country has also occupied the main headlines due to the launch of the first XRP (ETF) exchange. In addition, Belo Horizone recently announced that it is the “Bitcoin capital” and this indicates an increase in the passion for encryption in Brazil.
In the future, Brazil plans to expand regulations to cover the legislation of Stablecoin and the asset symbol. BCB aims to introduce bases for decentralized financing platforms (Defi) in 2025. The central bank also intends to cooperate with international organizers and provide interfering operating via operating across the border of digital financial resources. This advanced framework makes Brazil a great leader within the encryption space in Latin America, focusing on the clarity of regulations and safety.
The news of the encryption was highlighted today:
South Korea is arrested 25 in the main encryption score campaign
