New rules for cross-border payments restrict the use of cryptocurrencies


Under Decision No. 561, the Central Bank of Brazil now requires that all regulated international payments go through traditional foreign exchange mechanisms. And as a result, cryptocurrencies and stablecoins cannot be used within the framework of official cross-border payments. Therefore, financial institutions must process international transfers using regulated Brazilian real accounts or approved foreign exchange transactions. This approach ensures that all cross-border flows remain visible and traceable within the country's financial system. While cryptocurrency trading remains legal, its role in the official payment infrastructure has significantly diminished.
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