According to PANews, Roberto Campos Neto, president of the Central Bank of Brazil, plans to speed up the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to collect more opinions on approving the country's VASP operating rules.

Campos Neto claimed in a recently aired show that the bank is also developing rules for virtual asset service providers (VASPs). He revealed that the bank will launch a public consultation to seek opinions on the draft "conduct, organization and authorization process" for these entities.