The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets.

  • Brazil’s central bank banned electronic foreign exchange (eFX) providers from using stablecoins and other cryptos (like Bitcoin) to settle overseas remittances.

Brazil’s Central Bank (Banco Central do Brasil - $BR

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( BCB) has issued Resolution BCB No. 561, prohibiting the use of stablecoins, Bitcoin, and other virtual assets for settling cross-border payments within the country’s regulated electronic foreign exchange (eFX) system. The rule takes effect on October 1, 2026.

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