# Brazil Central Bank to ban self-custody stablecoins as BRL collapses against the USD

> Brazil's central bank released a public consultation proposal that would effectively bar transfers of stablecoins to self-custody wallets. The move follows the real hitting an all-time low against the dollar. The draft targets foreign-pegged stablecoins such as USD-backed Tether.

- Date: 2024-11-30 · published 2024-11-30T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/27619-brazil-central-bank-to-ban-self-custody-stablecoins-as-brl-collapses-against
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

This is a crypto and foreign-exchange regulation story with little direct effect on feed commodity supply, demand or prices.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-02-21 | [Brazil's central bank has no exchange rate target, says director \| MarketScreener](https://feedsoft.ai/events/26260-brazil-s-central-bank-has-no-exchange-rate-target-says-director-marketscreener.md) | +2.3% | -0.4% |
| USDBRL | 2024-06-07 | [Brazil Soy Prices: Tax Change Seen Making US More Competitive - Bloomberg](https://feedsoft.ai/events/29784-brazil-soy-prices-tax-change-seen-making-us-more-competitive-bloomberg.md) | +2.3% | +3.9% |
| USDBRL | 2026-09-01 | [US-China Tariffs Put Agriculture Back in the Trade Spotlight](https://feedsoft.ai/events/14557-us-china-tariffs-put-agriculture-back-in-the-trade-spotlight.md) | -1.9% | +1.0% |
| USDBRL | 2022-07-21 | [Lula Advisers Draft Plans For More Aggressive Brazil FX Policy \| IBTimes](https://feedsoft.ai/events/40696-lula-advisers-draft-plans-for-more-aggressive-brazil-fx-policy-ibtimes.md) | -2.5% | -4.8% |
| USDBRL | 2020-06-18 | [Deforestation in Amazon, MEPs call on EU not to be complicit in it \| AGENCE EUROPE](https://feedsoft.ai/events/52640-deforestation-in-amazon-meps-call-on-eu-not-to-be-complicit-in-it-agence-europe.md) | +0.7% | +1.5% |

## Sources

- finbold.com: https://finbold.com/brazil-central-bank-to-ban-self-custody-stablecoins-as-brl-collapses-against-the-usd/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.