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Brazil Central Bank Bans Crypto for Cross-Border Transfers Under New eFX Rules
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Brazil’s central bank has issued Resolution BCB No. 561, updating rules for international payment services (eFX) and officially banning crypto assets for cross-border transfers. All international payments must now be processed through foreign exchange operations or regulated accounts. This matters because it increases regulatory control and limits the use of crypto in global transactions, impacting businesses and users relying on digital assets. The new rules, including stricter KYC, reporting, and compliance requirements, will take effect on October 1, 2026.
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