Brazil Central Bank Bans Crypto Settlement in Cross-Border Payments

CryptoFrontier

Brazil’s central bank has banned stablecoin and crypto settlement in cross-border payments for fintechs and payment firms. The ban closes the back-end payment rail for cross-border flows, according to the announcement. Individual crypto investors retain the ability to buy and hold digital assets under the new regulation.

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Brazil's Central Bank Bans Stablecoin and Crypto Settlement in Cross-Border Payments

Recently, Brazil's central bank banned stablecoins and cryptocurrencies from settlement in cross-border payments. The restriction applies to fintechs and payment firms, effectively closing the back-end payment rail for cross-border flows. Individual crypto investors, however, can still buy and

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Comment
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AirdropsAfterTheTideRecedesvip
· 2h ago
The payment company's backend was cut off, retail investors on the frontend remain unaffected, and regulators are targeting precisely.
View OriginalReply0
GateUser-4590f4c6vip
· 5h ago
The workaround for cross-border payments through crypto is gone, and compliance costs are about to rise again.
View OriginalReply0
GateUser-ecded933vip
· 8h ago
Is it time for Brazil's CBDC progress bar to move? Banning stablecoins to pave the way for themselves?
View OriginalReply0
HeavyStakingOnASnowyNightvip
· 8h ago
Fintech makes me cry and faint, individual businesses are fine, a typical strategy of cracking down on big ones and letting small ones go.
View OriginalReply0
PfpArchaeologistvip
· 9h ago
The Brazilian Central Bank's move is quite aggressive, directly cutting off the payment company's cross-border channels. Personal holdings haven't been affected, it seems they want to control the flow of funds but not upset retail investors?
View OriginalReply0
PleaseReadTheWhitepaperFirst.vip
· 9h ago
Cross-border stablecoin settlements are banned; is Brazil trying to decouple from USD liquidity?
View OriginalReply0
AirdropOnTheDunevip
· 9h ago
Retail investors survive, B2B suffers, this swordsmanship is impressive
View OriginalReply0
FrenBurnervip
· 9h ago
Individuals can still buy, institutions cannot settle, the dual-track system is understood now
View OriginalReply0