Brazil Moves to Outlaw Algorithmic Stablecoins With Strict Reserve Mandate

Brazil is moving toward one of the world’s toughest stablecoin regimes after lawmakers advanced legislation that would ban algorithmic stablecoins outright and impose full-reserve requirements on all fiat-pegged digital assets. The Science, Technology, and Innovation Committee of the Brazilian Congress approved Bill 4. source: https://www.ethnews.com/brazil-moves-to-outlaw-algorithmic-stablecoins-with-strict-reserve-mandate/