EconomyBrazil blocks stablecoins from key cross-border payment rail as $1.1 trillion market faces new limits
Brazil’s central bank will prohibit virtual assets, including stablecoins, from settling a specific payment leg between regulated foreign-exchange providers and overseas counterparties from Oct. 1. Individual international transfers using virtual assets remain allowed. Resolution 561 closes an ambiguity around bulk stablecoin settlement and could shift costs to conventional FX, correspondent banks and SWIFT fees.
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CryptoSlate★★★☆☆2026-09-19 10:40Original
Brazil blocks stablecoins from key cross-border payment rail as $1.1 trillion market faces new limits
Economy