Odaily News The Central Bank of Brazil has announced plans to regulate crypto assets, including stablecoins. This year, it will consider developing rules for stablecoins for payments and foreign exchange, but it described the work as "internal planning." The central bank will launch a second consultation around virtual asset service providers (VASPs), including the rules and authorizations they must follow. In addition, it plans to provide a supplementary framework that includes prudential supervision and VASP reporting. The regulatory proposal will be finalized in 2024, with the main goal of protecting investors from fraud and scams. The Central Bank of Brazil is also keen to ensure that VASPs comply with anti-money laundering (AML) and similar compliance procedures. Prior to this, the central bank had concluded its first consultation in January and explored a variety of cryptocurrency-related topics. These included asset segregation, risk management, cybersecurity, and disclosures reflecting the comprehensive nature of the consultation.