The Central Bank of Brazil issued Resolution No. 561 amending the rules for cross-border payment services eFX. The new regulation clearly states that cross-border receipts and payments via eFX must be conducted through foreign exchange transactions or non-resident real accounts, prohibiting the use of virtual assets; at the same time, the limit for single digital payments and cross-border transfers related to investments is set at $10k USD. The rules also strengthen KYC, information retention (for 10 years), and data reporting requirements, and allow banks, brokerages, and payment institutions to provide this service. The resolution will take effect on October 1, 2026.

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