Banning stablecoins for cross-border settlement? Brazil just made remittance more expensive for everyone.

CryptoFrontier
Brazil Central Bank Bans Crypto Settlement in Cross-Border Payments
Brazil's central bank has banned stablecoins and cryptocurrencies from being used for settlement in cross-border payments, according to the announcement.

Scope of the Ban

The restriction applies specifically to fintechs and payment firms, effectively closing the back-end payment rail for cross-bo
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