The Central Bank of Brazil issued Resolution No. 561, restricting the use of crypto assets in regulated cross-border payments.


The new regulation requires eFX service providers to conduct payments or receipts with foreign counterparts through traditional foreign exchange operations or via Brazilian real accounts held by non-residents.
The use of virtual assets such as USDT, USDC, or BTC as settlement channels in international offshore payment processes is strictly prohibited.
Additionally, the new regulation mandates that companies segregate eFX client funds and retain transaction records for 10 years.
Unauthorized international payment service providers must apply for a license from the central bank before May 31, 2027.
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