Brazil’s Central Bank Classifies Stablecoins as Foreign Exchange Operations

TLDR Brazil will treat stablecoin transactions as foreign exchange operations starting February 2026. Stablecoins make up 90% of Brazil’s crypto transactions, raising concerns over regulation evasion. New rules will extend anti-money laundering, counter-terrorism, and consumer protection laws to virtual assets. Crypto firms will face higher compliance costs due to new regulations on stablecoin transactions. Brazil [...]

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