Odaily Planet Daily reported that several Brazilian government sources familiar with the plan revealed that Brazilian government officials are considering issuing the country's first sovereign bond denominated in RMB. Currently, this move is still under consideration and no final decision has been made. A potential plan to issue yuan-denominated sovereign bonds would be a notable development in Brazil’s financial strategy.
Meanwhile, Brazil’s central bank has proposed strict regulation of stablecoin transfers as part of a new cryptocurrency regulatory framework. The proposed rules include restrictions on sending stablecoins to wallets not controlled by Brazilian entities, reflecting the country’s tightening stance on cryptocurrency trading within the country. (Defiant)