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GateUser-ebdc7d3a

2026-05-03 20:10:01

The Brazilian Central Bank's recent move has cut off the cross-border payment channels for stablecoins, but individual cryptocurrency trading hasn't been affected. Is this considered a targeted crackdown on institutions?

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CryptoFrontier2026-05-03 19:50:52

Brazil Central Bank Bans Crypto Settlement in Cross-Border Payments

Brazil's central bank has banned stablecoin and crypto settlement in cross-border payments for fintechs and payment firms. The ban closes the back-end payment rail for cross-border flows, according to the announcement. Individual crypto investors retain the ability to buy and hold digital assets

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