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Policy
Brazil's Central Bank Prohibits Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlement
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 change, outlined in BCB Resolution No. 561, published on April 30, updates the rules governing digital international payments, purchases, and transfers. The new rule will come into effect on October 1, with adaptation …
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlement
Brazil's central bank has introduced a ban on the use of cryptocurrencies, including stablecoins and bitcoin, for settling international remittances by electronic foreign exchange providers. The updated regulations, outlined in BCB Resolution No. 561, which was published on April 30, will take effect on October 1, with a phased implementation schedule extending into 2027. Under the new rules,…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Crypto Use 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. The updated rules, outlined in BCB Resolution No. 561, published on April 30, will take effect on October 1, with a phased implementation schedule 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 Settlement for Cross-Border Payments
In a significant move, Brazil's central bank has prohibited the use of cryptocurrencies, including stablecoins and bitcoin, for settling international remittances by electronic foreign exchange providers. The updated regulations, outlined in BCB Resolution No. 561 published on April 30, will take effect on October 1, with a phased implementation schedule extending into 2027. Under the new rules…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Crypto Transactions for Cross-Border Payments
Brazil's central bank has prohibited the use of stablecoins and cryptocurrencies for settling international remittances by electronic foreign exchange providers. The new rule, outlined in BCB Resolution No. 561, published on April 30, updates the regulations for Brazil's digital international payments system. The updated rules will take effect on October 1, with a phased implementation period ext…
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 implemented a ban on the use of stablecoins and other digital currencies for settling international remittances by electronic foreign exchange providers. The new rules, outlined in BCB Resolution No. 561, were published on April 30 and will take effect on October 1, with adaptation deadlines extending into 2027. According to the new regulations, payments between ele…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Stablecoin and Cryptocurrency Transactions for Cross-Border Payments
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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 introduced a ban on 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 regulatory framework for digital international payments, purchases, and transfers, with the new rules taking effect on October 1 and adaptation deadlines ext…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Crypto and Stablecoin Settlement for Cross-Border Transactions
The Central Bank of Brazil has introduced a ban on the use of cryptocurrencies, including stablecoins, for settling international transactions. This prohibition, outlined in BCB Resolution No. 561, applies to electronic foreign exchange providers and takes effect on October 1, with a phased implementation schedule extending into 2027. According to the new rules, payments between providers and t…
May 2, 2026, 4:56 p.m.
Policy
Brazil's Central Bank Prohibits Use of Stablecoins and Cryptocurrencies for Cross-Border Payment Settlements
The Central Bank of Brazil has announced a ban on the use of stablecoins and other cryptocurrencies for settling international remittances by electronic foreign exchange providers. The new rules, outlined in BCB Resolution No. 561, which was published on April 30, update the regulations for Brazil's digital international payments system and will come into effect on October 1, with a phased impl…
May 2, 2026, 4:56 p.m.