Brazil central bank bars crypto in regulated cross-border payment rails

Brazil’s central bank issued Resolution BCB No. 561, barring virtual assets from regulated eFX cross-border payment and transfer services. Payments and receipts between an eFX provider and its foreign counterparty must use a foreign exchange transaction or a non-resident Brazilian real account. Transitional providers can keep offering eFX only if they apply for authorization by May 31, 2027. The rule is not a blanket crypto ban, but it blocks crypto and stablecoins inside the supervised eFX channel.

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