Brazilian Central Bank Proposes Restriction on Stablecoin Withdrawals to Self-Custodial Wallets

The Central Bank of Brazil wants to make new rules that will stop certain websites that deal with digital money from letting people move a specific type of digital money called stablecoins to their own special wallets. This is because the law already says that people can use foreign money for payments.

The Central Bank of Brazil is doing this to make sure that the rules for digital money are good for everyone and that the country can keep its money safe. They are also looking for feedback from people who work with digital money before they make these new rules final. The new rules are meant to make sure that people and businesses understand the rules better and that everyone can compete fairly and do things more efficiently.

These new rules also say that anyone who works with digital money has to follow the same rules as people who work with traditional money. The Central Bank of Brazil wants to make sure that the country’s money is safe and that everyone follows the same rules.

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Brazil’s Central Bank Proposes Restrictions on Stablecoin Withdrawals to Self-Custodial Wallets

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