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Brazil's classification of stablecoin transactions as foreign exchange operations will take effect in February 2026

Brazil's central bank released on Monday, November 10, long-awaited rules for virtual assets that will affect how stablecoins are classified in a framework that extends the country's existing anti-money-laundering, counter-terrorism, and consumer protection laws to virtual-asset service providers (VASPs) and foreign-exchange (Forex) operators. According to the central bank, any transaction that involves virtual assets pegged [...]

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