they want to figure out how to bite off MORE TAX from the Brazilian
PROFETA CRIPTO
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BANNING ALGORITHMIC STABLECOINS
Recently, the National Congress and the Brazilian Judiciary took important steps to regulate the cryptocurrency market, focusing especially on the so-called **stablecoins**.
To understand what is happening, here is a summary of the main points:
* **What are Stablecoins:** They are digital currencies created to have a stable value, always worth the same as a real currency (such as R$ 1.00 or US$ 1.00). * **Difference between the types:** Common stablecoins maintain their value because they have **real money or government bonds held in a bank** as collateral. On the other hand, **algorithmic stablecoins** try to keep the price stable only through **software and algorithms**, without having physical money held.
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