Just like we unlocked the iPhone, it won't be long before we find a way to circumvent the government. People are very scared!

🎯 Are you in favor of the proposal that aims to restrict the use of stablecoins for self-custodial wallets in Brazil? A new legislative proposal in the country seeks to prohibit transactions with stablecoins outside of centralized platforms, claiming the need for greater control and supervision over the use of these digital currencies.

⛄️The measure, which would be included in Brazil's crypto regulatory framework, would justify that these restrictions are important to prevent illicit activities, such as money laundering and terrorist financing. However, critics argue that the ban would harm users' financial freedom and go against the fundamental principles of cryptocurrencies, such as decentralization and individual empowerment.

✅ If approved, the proposal could negatively impact the crypto market in Brazil, discouraging innovation and limiting access to decentralized finance (DeFi) tools. Experts warn that the measure could also push users into the informal market, increasing risks associated with digital security. Furthermore, the use of stablecoins in self-custodial wallets has been an important way for people without access to traditional banks to manage their assets. The ban, therefore, raises concerns about financial inclusion and the potential consequences for the country's digital economy.

What do you think about the restriction on stablecoins? Leave your comment below!👇🏻