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BREAKING: Brazilian Central Bank Suddenly Develops Backbone to Regulate Tokenization and Stablecoins – Because That’s Exactly What Happens When You Promise Something in Rio

A  illustration depicting a stern-looking figure with a briefcase, standing behind a large desk adorned with Brazilian flags and financial symbols. A clock in the background shows a deadline looming over a cityscape at sunset.

Brazil’s Central Bank is finally getting its act together and trying to regulate tokenization, stablecoins – a concept that has been touted as ‘the future’ for the better part of 5 years now. Meanwhile, we’re still waiting on actual results from these efforts… because you know how it goes in Brazil when promises are made.

Source: bitcoin.com

The President of the Central Bank of the Latin American giant announced plans to expedite the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to gather more input on the rules for approving VASPs’ operations in the country. Brazil is becoming a cryptocurrency hub in Latam, and its authorities are working to provide clearer regulations for crypto companies. Roberto Campos Neto, […]

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