Brazil's Central Bank (BCB) issued Resolution 561, prohibiting virtual assets in regulated eFX international payment frameworks. Under the new rules, eFX providers must settle cross-border transactions exclusively through forex markets or non-resident BRL accounts. The regulation targets regulated跨境 flows rather than domestic crypto trading. BCB Governor Gabriel Galipolo raised concerns over stablecoin proliferation, noting approximately 90% of crypto flows involve stablecoins, citing tax compliance, AML, and asset backing risks. The BCB also signaled potential restrictions on foreign-issued stablecoins, warning that unmonitored stablecoins could undermine regulatory fairness and monetary sovereignty, while foreign-currency stablecoins pose jurisdictional, capital flow, and payment system fragmentation risks.

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