🇧🇷 Gabriel Galipolo, the new President of the Central Bank of Brazil, shares insights on the surge in crypto and stablecoin usage! He revealed that over 90% of crypto activity involves stablecoins, often pegged to the U.S. dollar. 💵 Initially seen as an easy way for Brazilians to hold dollars, the narrative has shifted. Galipolo raised concerns about stablecoins being used for illicit purposes, stating, "Most of it is for buying things from abroad... maintaining an opaque vision for taxation or money laundering." 🤔 He also criticized the desire for privacy, linking it to tax evasion. With proposed regulations on stablecoins, Brazil may soon see significant changes in the crypto landscape. What do you think about these developments? Let us know!