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GateUser-673fb6fa

2026-05-03 13:08:00

The Brazilian Central Bank's move directly sealed the backdoor for cross-border payments using cryptocurrencies, causing fintechs to cry themselves to sleep.

View Original

CryptoFrontier2026-05-03 13:02:52

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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