【Brazil Prohibits Self-Custody Stablecoins to Promote Decentralization】According to Golden Finance, as more Brazilian citizens hedge against the risk of the local currency, the Brazilian real, plummeting by purchasing stablecoins pegged to the US dollar, the use of stablecoins has also increased. The Central Bank of Brazil is expected to complete public consultations regarding a potential ban by February next year, and several executives have already assessed the potential impact of the ban on the local market. Carol Sosa, co-founder of Regional Bitcoin School, pointed out that Brazilian crypto trading platforms have been implementing KYC measures since 2019, while P2P trading remains unaffected by such restrictions.