Brazil Central Bank Bars Crypto From Regulated Cross-Border Payments Under New FX Rules

Banco Central do Brasil issued Resolution No. 561, barring cryptocurrencies from regulated cross-border payments under the eFX framework. The rule requires those transfers to use traditional foreign exchange transactions or regulated Brazilian real accounts held by foreign counterparties. The measure does not ban crypto transfers outright, but it removes digital assets, including stablecoins, from Brazil’s regulated payment framework. Gabriel Galipolo previously said about 90% of domestic crypto flow in Brazil is linked to stablecoins.

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