IMF calls for stricter oversight of Brazil’s crypto market.

The International Monetary Fund (IMF) has stated that Brazil’s digital asset sector, particularly dollar-pegged stablecoins, requires stricter government oversight. Since 2017, cross-border crypto transfers in the country have been growing faster than traditional capital flows. The purchase of stablecoins has proven to be two to three times more sensitive to global shocks than portfolio and direct investments, posing risks to financial…