TechFlow reported on December 10 that according to Bitcoin.com, Renato Kiyotaka Uema, Deputy Head of the Financial System Oversight Department at Brazil's Central Bank, said during a public hearing that the central bank might withdraw its previous proposal banning self-custody of stablecoins—if certain conditions are met. The original proposal required stablecoin transactions to occur exclusively between regulated exchanges.
Uema emphasized that if the market can provide technical solutions to enhance transaction transparency, the central bank will consider relaxing regulations. He stated, "This is a public consultation. If suggestions are made that could reduce associated risks, the technical team will seek to minimize interference with market flexibility as much as possible."
