Brazil’s central bank bans stablecoin and crypto settlement in cross-border payments
Brazil’s central bank has banned digital overseas change (eFX) suppliers from utilizing stablecoins, bitcoin or different cryptocurrencies to settle abroad remittances. BCB Resolution No. 561, printed April 30, updates guidelines for eFX, Brazil’s regulated system for digital worldwide payments, purchases, withdrawals and transfers. The rule takes impact October 1, with adaptation deadlines operating into 2027. […]


