Brazil is taking bold steps in the field of digital currencies, combining innovation with strict regulation. Among the most notable moves:
1. Strengthening relations with China through plans to issue sovereign bonds denominated in yuan (Panda bonds), to reduce reliance on the US dollar and diversify funding sources.
2. Regulating stablecoin transfers through proposed new rules that limit the transfer of these currencies to external wallets, aimed at reducing risks such as fraud and tax evasion.
3. Safe innovation, as Brazil is clearly moving towards leading the field through initiatives like launching the instant XRP fund and planning to adopt a stablecoin and Bitcoin reserves, while maintaining financial stability through tight regulations.
CoinMarketCap
