$BTC What do you think about a law that favors self-custody?💸🚀

Brazilian congressman Kim Kataguiri has introduced a bill to prevent the Central Bank of Brazil from restricting or prohibiting the self-custody of cryptocurrencies and stablecoins. The proposal seeks to ensure that users maintain the right to manage their own private keys, avoiding regulatory interference that could compromise the decentralization of the crypto market.

The initiative comes in response to concerns that the Central Bank could impose excessive restrictions on the direct ownership of digital assets, favoring only regulated financial institutions. According to Kataguiri, guaranteeing the freedom of self-custody is essential to protect investors and preserve the financial autonomy of Brazilian citizens in the use of cryptocurrencies.

If approved, the law would strengthen the legal security of users and ensure that access to and control over crypto assets remain in the hands of their legitimate owners. Furthermore, the proposal reflects a global trend of defending decentralization in the digital financial sector, seeking to balance regulation and economic freedom.