💨 Abstract

Brazil's central bank chief, Roberto Campos Neto, plans to regulate stablecoins and asset tokenization in Brazil starting next year, citing concerns over tax evasion and illicit activities associated with the rising demand for stablecoins in the country. Stablecoins are digital assets pegged to real-world assets like the U.S. dollar, and fluctuate less than other cryptocurrencies like Bitcoin.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖