economiabrasil

Regulatory debates over the possibility of the Central Bank of Brazil (BCB) cracking down on stablecoins — going so far as to associate their widespread use with money laundering or illegality — have set off alarm bells across Brazil’s crypto and legal markets.
📰 The source of the alarm: what was said behind closed doors
The discussion was sparked by a report published by the Livecoins website, which revealed remarks made at a meeting closed to the press by Gerson Romantini, Head of Division at the Central Bank of Brazil, during an event at Exchange Informática with companies from the sector. According to the report, the agency’s representative said that even when a citizen’s funds come from a perfectly lawful source (“good money”), simply converting them and moving them through the stablecoin market would give those funds a “taint of bad money,” thereby constituting money laundering. He also compared the sector to an evolution of the “cable dollar” and signaled possible restrictions on fintechs operating in this market.