Central Bank of Brazil considers ban on Stablecoin Wallet Transfers

Quick Summary:

Central Bank of Brazil Proposes Restrictions  Brazil’s Central Bank (BCB) has proposed new rules that could change how people use stablecoins.

The proposal suggests banning centralized crypto exchanges from letting users withdraw stablecoins, like Tether (USDT), to self-custody wallets.

Users store their digital assets in these wallets instead of relying on a third party.

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets: United Arab EmiratesBrazilSingapore

Topics: Market News Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 13:55:02 (22 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23987747

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 19 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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