Deep Tide TechFlow News, May 1st, according to Cointelegraph, the Central Bank of Brazil issued Resolution No. 561, prohibiting the use of virtual assets for settlement in regulated eFX international payment and transfer services. The new regulation requires that payments or receipts between eFX service providers and overseas trading partners be completed through foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that have not yet been approved but are in the transition period. The rule does not completely ban cryptocurrency transfers in Brazil but excludes virtual assets and stablecoins from regulated eFX channels.

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