🚨 The central bank plans to ban self-custody of stablecoins, hitting crypto freedom! 💰❌
The Central Bank of Brazil has proposed new regulations that may end users' freedom to store stablecoins such as USDT and USDC in private wallets such as Trust Wallet or Ledger. The proposal aims to force users to transfer their assets to regulated virtual asset service providers (VASPs).
❌ Actual impact:
You will not be able to transfer stablecoins to private wallets, and your assets will be completely controlled by centralized institutions. This may mean that the autonomy that cryptocurrencies give users will no longer exist. 💬 Impact on Brazilian users:
Stablecoins (such as USDT) are a hedge tool for many people against inflation and depreciation of their own currencies. Canceling self-custody will deprive users of free control over their funds, which goes against the core concept of the crypto market - freedom and control! 📢 Current status: The proposal is undergoing public consultation, and the future policy direction has not yet been determined.
Freedom is under threat, and the crypto community needs to pay close attention! #USDT脱锚告警 #btc
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