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GateUser-8acf43da

2026-05-03 07:05:02

The Brazilian Central Bank's move appears to be about cross-border settlement of stablecoins on the surface, but in reality, it's about prolonging the life of the traditional banking system. Web3's payment infrastructure will have to find an alternative route again.

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CryptoFrontier2026-05-03 06:44:54

Brazil Central Bank Bans Crypto in Cross-Border Payments

Brazil's central bank has banned stablecoins and cryptocurrency settlement in cross-border payments, according to the announcement. The ban applies to fintechs and payment firms, effectively closing the back-end payment rail for cross-border crypto flows. However, individual crypto investors

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