🇧🇷💔 Coinbase is raising concerns over new regulations in Brazil that could restrict the use of stablecoins! Tom Duff Gordon, VP at Coinbase, praised the central bank's willingness to consult but criticized the proposed ban on withdrawals to self-hosted wallets. The central bank's worries about money laundering and tax evasion could stifle the growth of decentralized finance and the future internet. Gordon emphasized that self-custodial wallets are essential for this ecosystem. Coinbase has suggested alternatives to address the bank's concerns while still allowing for safe stablecoin use. With the rise of stablecoins in remittances, Brazilian authorities are looking to regulate this market, but these measures could hinder lawful DeFi applications. What are your thoughts on the impact of these regulations? Let us know!