Brazil Proposes Ban on Stablecoin Transfers to Self-Custody Wallets

✨ Brazil's Central Bank is eyeing new regulations that pohibits withdrawals of foreign-backed stablecoins to self-custody wallets.

✨ The initiative aims to align crypto operations with traditional financial regulations while addressing risks related to investor protection.

✨ Analysts warn that the move could hinder Brazil's thriving crypto sector, where stablecoins dominate cross-border transactions.

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