Coin World News: According to Wu Shuo Blockchain's tweet, Brazil's cryptocurrency asset trading volume surged to $318.8 billion within a year, with stablecoins accounting for over 90% of the total. The country has not enacted separate legislation to tax cryptocurrency assets, but instead incorporated them into the existing tax system and established a mandatory information disclosure system. The new bill prohibits high-risk algorithmic stablecoins, strengthens reserve constraints, and introduces criminal liability to strengthen regulation.