💨 Abstract

In Brazil, crypto asset usage has increased significantly over the past few years, with around 90% of transactions involving stablecoins. Central Bank Chief Gabriel Galipolo stated that this trend is primarily due to the use of cryptocurrencies as a means of payment, posing challenges for oversight and regulation. He emphasized that this usage maintains an opaque vision for taxation or money laundering.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖