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Tightening Forex Regulations, Brazil's Central Bank Bans Crypto for Cross-Border Payments

Brazil's Central Bank officially bans the use of cryptocurrencies in regulated cross-border payment transactions. Through Resolution No. 561 issued on Friday (5/1), the monetary authority mandates that all international transfers be processed through traditional foreign exchange channels or regulated Brazilian Real accounts.
​This step is taken as the government's effort to bring all international payment flows fully into the country's foreign exchange monitoring system. Although it does not completely prohibit crypto transfers in Brazil, this regulation effectively removes digital assets, including stablecoins, from the official payment framework regulated by the central bank.
​This decision is quite surprising considering Brazil is the largest crypto market in Latin America, ranking fifth globally in the Chainalysis 2025 adoption index. About 90% of crypto flows in Brazil itself are dominated by stablecoins. With this new regulation, virtual asset service providers (VASPs) in Brazil must now adjust their operations to remain compliant with increasingly strict anti-money laundering standards and cybersecurity controls.
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discovery
· 4h ago
To The Moon 🌕
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discovery
· 4h ago
2026 GOGOGO 👊
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