According to the source, Brazil is moving to crack down on criminal use of crypto through separate legislative and regulatory proposals issued this month by the government and the central bank, source: the source. The update describes Brazil as a digital asset hotspot and confirms both policymaking tracks are active at the proposal stage, source: the source.

According to the source, Brazil is introducing new proposals targeting illegal use of Bitcoin BTC and stablecoins, a development relevant for trading in Brazil’s BTC and stablecoin markets, including exchange operations and BRL access. Source: the provided source.