6.8 Regulation IMF警告巴西稳定币驱动的加密资金流已超传统资本流动，呼吁加强监管，应对金融体系新风险。
国际货币基金组织（IMF）对巴西加密资产市场的迅速扩张表示担忧，尤其关注由美元锚定稳定币推动的跨境资金流激增。自2017年以来，稳定币已成为资金进出巴西的主要渠道，其交易量现已超过传统资本流动。 IMF在金融体系稳定性评估中指出，稳定币购买对全球冲击的敏感度是传统投资的两到三倍。尽管巴西央行已出台部分监管措施，IMF仍发现客户资产保护、稳定币发行规则以及反洗钱和反恐怖融资合规等领域存在重大缺口。 IMF建议巴西实施更严格和全面的监管框架，以应对加密市场与传统金融体系日益融合带来的脆弱性。同时，尽管存在监管禁令，阿根廷也在推进稳定币相关举措，反映出拉美地区稳定币快速普及的趋势。
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