stablecoinbrasil

During a hearing in the Chamber of Deputies, the Central Bank of Brazil reaffirmed that it intends to classify stablecoins as exchange operations, aligning Bill 4308/2024 with the traditional financial system.

🔍 Main points:

- Stablecoins = exchange: According to the Central Bank, the functional essence of stablecoins involves movement between currencies, which requires exchange regulation.
- IOF at sight: Although the Central Bank says it does not create taxes, experts warn that the Federal Revenue Service may apply IOF to transactions with stablecoins, as it already does in conventional exchange operations.