Brazil Just Closed A Major Crypto Loophole—And Stablecoin Users Should Pay Attention
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Brazil’s central bank just tightened the screws on cryptocurrency trading with new regulations that could reshape how millions of Latin Americans use digital assets—particularly stablecoins that have become a popular workaround for traditional banking systems.
The long-awaited rules, announced on Nov. 11, will extend existing anti-money laundering and terrorism financing regulations to virtual-asset service providers starting in February. For a country where crypto adoption has exploded in recent years, this is the most significant regulatory shift since Brazil approved its cryptocurrency legal framework in 2022.
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