Bitcoin Drama Unfolds: Coinbase’s Comedic Take on Brazil’s Stablecoin Proposal!

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With all the earnestness of a gentleman waking from a particularly taxing slumber, Mr. Tom Duff Gordon, Vice President of Coinbase, hath declared that the anxieties surrounding the use of stablecoins for nefarious deeds within the lovely confines of Brazil may be addressed in more sensible manners, ones which would not strangle the adoption nor impede those earnest souls who wish to wield these assets in their daily toil. 🧐

//valor.globo.com/financas/noticia/2025/03/21/coinbase-defende-stablecoins-e-cobra-mudanca-do-bc.ghtml”>exclaimed:

It would do the Central Bank well to reconsider this course. Stablecoins are destined to become the very backbone of the future internet and decentralized finance, and self-custodial wallets occupy a most hallowed position in this emerging landscape.

Read more: Brazilian Central Bank Considers Taxing Stablecoin Remittances

Read more: Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft

Lo and behold, such measures could heavy-handedly criminalize the very essence of decentralized finance applications, many of which rely upon stablecoins as part of their charming yield-staking propositions, thus encumbering the lawful usage of these delightful tools for the industrious Brazilians. 🍵😏

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2025-03-24 06:03