According to Odaily Planet Daily, Vivan, an official from the Central Bank of Brazil, stated that crypto companies should assess the appropriateness of allowing clients to conduct complex cryptocurrency-related operations. Algorithmic stablecoins have been banned, and the buying and selling of these assets is being prohibited. Agreements reached to date remain in effect, but stablecoin activity must cease. Currently, the taxation of cryptocurrencies remains unchanged. The definition and timeframe for taxing cryptocurrency transactions equivalent to foreign exchange transactions will be determined by the tax authorities. (Jinshi)