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Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments

Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments

[ad_1] Brazil’s central financial institution accomplished guidelines that deliver crypto corporations below banking-style oversight, classifying stablecoin transactions and sure self-custody pockets transfers as foreign-exchange operations.  Underneath Resolutions 519, 520 and 521, revealed Monday, the Banco Central do Brasil (BCB) established operational requirements and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos […]