Brazil To Ban Self-Custodial Stablecoins To Boost KYC
Brazil is ramping up efforts to tighten its financial system and hedge the Brazilian real against growing public distrust. In a move targeting crypto users, Banco Central do Brasil (BCB) has officially proposed a ban on self-custodial stablecoins, sparking backlash from the community. The initiative, expected to be shaped into regulations next year, aims to…