Brazil To Ban Individual Stablecoin Transactions In A Move To Ramp Up KYC

Brazil’s central bank is growing increasingly concerned about cryptocurrencies drawing people away from the real. The institution plans to ban self-custodial stablecoins in an effort to steer people back toward the national currency.

Brazil To Ban Individual Stablecoin Transactions In A Move To Ramp Up KYC
Brazil’s central bank is growing increasingly concerned about cryptocurrencies drawing people away from the real. The institution plans to ban self-custodial stablecoins in an effort to steer people back toward the national currency.