financial regulation
Brazil’s Central Bank Proposes Stablecoin Withdrawal Ban
In a move that’s sending shockwaves through the world of cryptocurrency, Brazil’s Central Bank (BCB) has proposed a ban on the withdrawal of stablecoins to self-custody wallets. This bold decision, announced on November 29, 2024, marks a significant shift in how the country views digital assets. But what exactly does this proposal mean for users,…
Diem’s Demise: Political Forces Behind Its Failure
In the world of digital currencies, few projects have stirred as much debate and controversy as Diem, formerly known as Libra. Originally launched by Facebook, Diem was introduced with the promise of transforming global financial transactions by offering a stable, low-cost alternative to traditional currencies. However, despite its ambitious goals, Diem faced a dramatic downfall….