cointelegraph
Brazil classifies stablecoin payments as foreign exchange under new rules
TL;DR
Brazil's central bank has classified stablecoin payments as foreign exchange transactions under new regulations, subjecting crypto companies to banking-style oversight and extending anti-money laundering (AML) and foreign exchange (FX) rules to stablecoins.
Summary
Brazil's central bank has classified stablecoin payments as foreign exchange transactions under new regulations, subjecting crypto companies to banking-style oversight and extending anti-money laundering (AML) and foreign exchange (FX) rules to stablecoins.
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