🔔🔔News Flash! The Central Bank of Brazil recently announced that it will start regulating crypto assets, including various types of virtual currencies, including stablecoins. 🌐🏦

This work is described as "internal planning". This year, the central bank will consider formulating stablecoin rules for payments and foreign exchange. At the same time, the central bank will also launch a second consultation on virtual asset service providers (VASPs) to discuss the rules and authorizations they must comply with. 📑📊

In addition, the central bank also plans to provide a supplementary framework, including prudential supervision and VASP reporting. This regulatory proposal will be finalized in 2024, with the main goal of protecting investors from fraud and scams. 🛡️💼

The Central Bank of Brazil has also shown great concern for anti-money laundering (AML) and similar compliance procedures for VASPs. Prior to this, the central bank had concluded its first consultation in January and explored various cryptocurrency-related topics, including asset isolation, risk management, cybersecurity, etc. 🔒🔍

We are optimistic about the prospects for Bitcoin. 🚀🌕 But please remember that you should invest with caution and at your own risk. 💰💡