The Central Bank of Brazil prohibits the use of virtual assets for settlement in regulated eFX cross-border payment channels
According to market news, the Central Bank of Brazil issued Resolution No. 561, prohibiting the use of virtual assets for settlement in regulated eFX international payment and transfer services.
The new regulation requires that payments or receipts between eFX service providers and foreign counterparties must be completed through foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that have not yet been approved but are in a transitional period. The rule does not completely ban cryptocurrency transfers in Brazil, but rather excludes virtual assets and stablecoins from regulated eFX channels.
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