Itau Considers Stablecoin, Brazil Restricts Crypto Investments
- Itau, a major Latin American bank, is exploring the launch of its own stablecoin.
- Brazil has prohibited retirement funds from investing in cryptocurrencies.
- As a BRICS member, Brazil promotes local currency payments.
Itau is contemplating the introduction of a stablecoin while Brazil has taken steps to restrict crypto investments by banning retirement funds from engaging in such activities. Additionally, Brazil continues to support local currency transactions within the BRICS framework.
Source (2.6)https://news.bitcoin.com/latam-insights-largest-latam-bank-mulls-stablecoin-brazil-bans-retirement-funds-from-investing-in-crypto/?rand=52384
