Brazil’s Central Bank Considers Ban on Stablecoin Withdrawals to Self-Custody Wallets

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Brazil Proposes Stablecoin Withdrawal Ban to Self-Custody Wallets The Central Bank of Brazil (BCB) has announced plans to regulate the withdrawal of stablecoins from centralized cryptocurrency exchanges (CEXs) to self-custody wallets.

This proposed measure, aimed at protecting international capital flow integrity, signals a significant shift in how digital assets may be governed in Brazil.

Critics argue that restricting self-custody wallets undermines users’ ability to control their assets.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaBrazil

Topics: Brazil Stablecoin Regulation Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 18:45:38 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23987513

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 13 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 15 hours ago

Coverage Areas: India

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