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Brazil\u2019s central bank has barred virtual assets from settlement inside regulated international payment rails.\u00a0<\/strong><\/p>\n <\/p>\n The rule applies<\/a> to eFX services, which cover certain cross-border payments and transfers. Banco Central do Brasil published Resolution BCB No. 561 on Thursday. The measure updates rules for payment providers operating under the country\u2019s foreign exchange framework.<\/p>\n The new rule says payments or receipts between an eFX provider and a foreign counterparty must use foreign exchange transactions. Providers may also use movement in a non-resident Brazilian real account.<\/p>\n <\/p>\n The resolution bans the use of virtual assets for those payments and receipts. This means crypto and stablecoins cannot settle transactions inside the regulated eFX channel.<\/p>\n The measure does not ban crypto transfers across Brazil. It only blocks crypto settlement within the supervised eFX framework.<\/p>\n Transitional rules also apply to firms not yet listed as approved eFX providers. These companies may continue operating if they seek central bank approval by May 31, 2027.<\/p>\n However, they must follow the same settlement rule. Their payments and receipts cannot use virtual assets.<\/p>\n Brazil has increased oversight of crypto-linked payment flows as stablecoin use grows. The central bank has been adding virtual assets to its financial and foreign exchange rulebook.<\/p>\n In November 2025, regulators set<\/a> new rules for virtual asset service providers. These included authorization requirements and rules for crypto services tied to the foreign exchange market.<\/p>\n\n
Rule is not a full crypto ban<\/strong><\/h2>\n
Stablecoin activity draws closer review<\/strong><\/h2>\n