Brazil regards stablecoins as forex operation in new stablecoin regime

Brazil’s central bank released on Monday, November 10, long-awaited rules for virtual assets that will affect how stablecoins are classified in a framework that extends the country’s existing anti-money-laundering, counter-terrorism, and consumer protection laws to virtual-asset service providers (VASPs) and foreign-exchange (Forex) operators. According to the central bank, any transaction that involves virtual assets pegged […] source: https://www.cryptopolitan.com/brazil-stablecoins-new-stablecoin-regime/