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Policy
Brazil Central Bank Prohibits Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlement
In a move to regulate digital international payments, Brazil's central bank has prohibited the use of stablecoins and other cryptocurrencies for settling cross-border transactions. This decision, outlined in BCB Resolution No. 561, affects electronic foreign exchange providers and takes effect on October 1, with adaptation deadlines extending into 2027. According to the new rules, payments betw…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits the Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlements
In a recent move, Brazil's central bank has forbidden electronic foreign exchange providers from utilizing stablecoins, bitcoin, or other digital currencies to settle international remittances. The new regulation, outlined in BCB Resolution No. 561, was published on April 30 and will come into effect on October 1, with adaptation deadlines extending into 2027. According to the new rules, payments…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Cryptocurrency Settlement for Cross-Border Payments
The Central Bank of Brazil has prohibited digital foreign exchange providers from utilizing stablecoins, bitcoin, or other cryptocurrencies for settling international remittances. The updated rules, outlined in BCB Resolution No. 561, were published on April 30 and will come into effect on October 1, with adaptation deadlines extending into 2027. According to the new regulations, payments between…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Crypto Usage in Cross-Border Payment Settlements
The Central Bank of Brazil has introduced a ban on the use of stablecoins and cryptocurrencies for settling international remittances by electronic foreign exchange providers. This update, outlined in BCB Resolution No. 561 published on April 30, revises the rules governing Brazil's regulated digital international payment system. The new regulations will come into effect on October 1, with adap…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Cryptocurrency Settlement for Cross-Border Transactions
The Central Bank of Brazil has introduced a ban on the use of stablecoins and other cryptocurrencies for settling international remittances by electronic foreign exchange providers. This new rule, outlined in BCB Resolution No. 561, was published on April 30 and will come into effect on October 1, with adaptation deadlines extending into 2027. The regulation stipulates that payments between an eF…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Crypto Settlement for Cross-Border Transactions
The Central Bank of Brazil has imposed a ban on the use of cryptocurrencies, including stablecoins and bitcoin, for settling international remittances by electronic foreign exchange providers. The new regulation, outlined in BCB Resolution No. 561, which was published on April 30, updates the rules governing digital international payments, purchases, and transfers in Brazil. The regulation will…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Crypto Transactions for Cross-Border Payments
The Central Bank of Brazil has prohibited the use of stablecoins and other cryptocurrencies for settling international remittances by electronic foreign exchange providers. Published on April 30, BCB Resolution No. 561 updates the regulations for Brazil's digital international payment system, which includes purchases, withdrawals, and transfers. The new rule will come into effect on October 1, …
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlement
The Central Bank of Brazil has implemented a ban on the use of stablecoins and cryptocurrencies for settling international remittances, effective October 1. This decision, outlined in BCB Resolution No. 561, updates the rules governing digital international payments, purchases, and transfers. The regulation stipulates that payments between providers and their foreign counterparts must be conducte…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits the Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlements
The Central Bank of Brazil has introduced a ban on the use of stablecoins and other digital currencies for settling international remittances, as outlined in BCB Resolution No. 561, which was published on April 30 and will come into effect on October 1, with a phased implementation schedule extending into 2027. The new rules dictate that payments between electronic foreign exchange providers an…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits the Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlements
The Central Bank of Brazil has imposed a ban on the use of stablecoins and other cryptocurrencies for settling international remittances by electronic foreign exchange providers. This new rule, outlined in BCB Resolution No. 561 published on April 30, updates the regulations for Brazil's digital international payment system. The changes will come into effect on October 1, with a phased implemen…
May 2, 2026, 4:56 p.m.