RUDY LOUZA
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THEY COULD LEAVE US ALONE
The proposed regulation of stablecoins by the Brazilian government and the Central Bank is extremely worrying. This measure could stifle innovation and competitiveness in the fintech sector, in addition to restricting the financial freedom of citizens.
Excessive bureaucracy and registration and authorization requirements could become insurmountable barriers for startups and small businesses, allowing only large corporations to dominate the market. This could lead to a loss of foreign investment, discourage innovation and even increase tax evasion.
In addition, the regulation could have a negative impact on Metamask and other digital wallet services, making life difficult for users.
Instead of imposing rigid rules, the government should seek a constructive dialogue with experts and companies in the sector, focusing on financial education and encouraging innovation. More flexible and balanced regulation is essential to promote the sustainable growth of the Brazilian digital economy.
The proposed regulation of stablecoins by the Brazilian government and the Central Bank is extremely worrying. This measure could stifle innovation and competitiveness in the fintech sector, in addition to restricting the financial freedom of citizens.
Excessive bureaucracy and registration and authorization requirements could become insurmountable barriers for startups and small businesses, allowing only large corporations to dominate the market. This could lead to a loss of foreign investment, discourage innovation and even increase tax evasion.
In addition, the regulation could have a negative impact on Metamask and other digital wallet services, making life difficult for users.
Instead of imposing rigid rules, the government should seek a constructive dialogue with experts and companies in the sector, focusing on financial education and encouraging innovation. More flexible and balanced regulation is essential to promote the sustainable growth of the Brazilian digital economy.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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