Brazil central bank bars virtual assets from regulated cross‑border payment rails and tightens eFX compliance

The Central Bank of Brazil issued Resolution BCB No. 561 updating rules for international payment and transfer services (eFX), explicitly prohibiting the use of crypto assets in cross‑border transactions and requiring that payments be conducted via FX operations or regulated accounts ^[1].

The update tightens oversight by setting transaction limits and mandating reporting and KYC procedures for eFX providers, increasing supervisory requirements for international payment flows ^{[1] [2]}.

Multiple outlets report the resolution excludes virtual assets from Brazil’s regulated foreign‑exchange payment infrastructure and bars stablecoins and other crypto assets from operating within authorized settlement systems, preventing regulated payment providers from using crypto for cross‑border services ^{[3] [4] [5]}.

The resolution centralizes cross‑border settlement within FX‑regulated rails and closes pathways for crypto settlement inside Brazil’s authorized eFX payment systems, signaling firmer oversight of international crypto‑based transactions ^{[1] [3]}.