The President of the Central Bank of Brazil said that stablecoins should be regulated.
◻️The President of the Central Bank of Brazil, Roberto Campos Neto, announced that stablecoins and asset tokenization should be regulated by 2025.
◼️Stating that the demand for stablecoins is linked to tax evasion and illegal activities in Brazil, Campos Neto emphasized that these assets should be supervised.
◻️Stating that stablecoins fluctuate less, Campos Neto said that these technologies should be closely monitored for the security of the financial system.