ON THE CENTRAL BANK'S BAN ON BINANCE GRANTING LOANS IN BRAZIL
It's the system's old saying: a practice is only prohibited when it doesn't have a CNPJ and a designer suit. Under the pretext of "protection" and regulation, what the Central Bank ends up doing is shielding a true cartel of institutionalized loan sharks.
While the big banks operate with absurd spreads, rates that suffocate any financial planning, and compound interest that turns any debt into a perpetual snowball, ordinary citizens are left at their mercy. When a technological, decentralized, and efficient alternative emerges—such as low-interest loans backed by crypto assets—the State's stroke of the pen moves to smother it, closing off escape routes to force workers back to the traditional counter.
The result of this maneuver is obvious: consumers are pushed back into the clutches of traditional financial institutions, forced to accept predatory terms. At the end of the day, the only real difference between the loan shark on the corner and the glass tower of a major bank is that the latter has an official license to take twice as much of the client's soul.
#Bancocentral
It's the system's old saying: a practice is only prohibited when it doesn't have a CNPJ and a designer suit. Under the pretext of "protection" and regulation, what the Central Bank ends up doing is shielding a true cartel of institutionalized loan sharks.
While the big banks operate with absurd spreads, rates that suffocate any financial planning, and compound interest that turns any debt into a perpetual snowball, ordinary citizens are left at their mercy. When a technological, decentralized, and efficient alternative emerges—such as low-interest loans backed by crypto assets—the State's stroke of the pen moves to smother it, closing off escape routes to force workers back to the traditional counter.
The result of this maneuver is obvious: consumers are pushed back into the clutches of traditional financial institutions, forced to accept predatory terms. At the end of the day, the only real difference between the loan shark on the corner and the glass tower of a major bank is that the latter has an official license to take twice as much of the client's soul.
#Bancocentral