Brazil's Central Bank Puts the Brakes on Crypto for Cross-Border Payments
Brazil's central bank has dropped a new rule that stops regulated electronic foreign exchange (eFX) players from using stablecoins, Bitcoin, or any other cryptos to settle cross-border payments. This could really throw a wrench in the gears for crypto adoption in global trading.
Brazil's central bank has dropped a new rule that stops regulated electronic foreign exchange (eFX) players from using stablecoins, Bitcoin, or any other cryptos to settle cross-border payments. This could really throw a wrench in the gears for crypto adoption in global trading.