Brazil Central Bank Issues eFX Rule Barring Crypto in Cross-Border Transfers

Brazil’s central bank issued Resolution BCB No. 561, updating eFX rules to bar crypto assets in cross-border transfers. The rule requires international payments to run through FX operations or regulated accounts. The update also adds transaction limits, reporting duties, KYC procedures, and data retention for up to 10 years. The new rules take effect on October 1, 2026.

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