According to Deep Tide TechFlow news, on December 26, Cointelegraph reported that the Brazilian Central Bank officially proposed a ban on stablecoin trading, such as Tether's USDt, and transactions from self-custody wallets on November 29. As the Brazilian Central Bank is expected to complete public consultations regarding the potential ban by February next year, some executives have already assessed the potential impact of the ban on the local market.
Carol Souza, co-founder of Area Bitcoin school, believes that the Brazilian Central Bank's proposal is likely to become a reality in 2025, as the Brazilian Central Bank appears to be preparing to formulate regulations to prevent individuals from engaging in P2P stablecoin trading.
But Trezor's Bitcoin analyst Lucien Bourdon stated that even if the pace of cryptocurrency adoption may slow, existing users will find ways to trade cryptocurrencies freely. "If it really goes through, we expect users to turn to decentralized platforms or P2P solutions."