6.7 Regulation 巴西拟禁算法稳定币，要求全额储备支持，违规最高判八年。境外稳定币须由持牌公司提供，法案仍待批准。
巴西正推进立法，拟禁止算法稳定币，并要求所有稳定币须由隔离储备资产全额支持。科学、技术与创新委员会通过的第4.308/2024号法案，禁止发行和交易通过算法或代码维持价值、而非抵押品支持的稳定币，针对如Ethena的USDe和Frax等模式。 法案引入严格透明度要求，并将发行无抵押稳定币定性为金融欺诈，最高可判八年监禁。Tether的USDT、Circle的USDC等境外稳定币，只有由巴西持牌公司提供时才被允许。 目前，稳定币占巴西加密交易量约90%，使该国成为全球加密监管试点。该立法仍需进一步批准才能成为法律。
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Brazil lawmakers move to outlaw algorithmic stablecoins like USDe, Frax
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Brazil to Ban Algorithmic Stablecoins with New Legislation
