The Central Bank of Brazil published Resolution No. 561, which imposed a blanket ban on the use of cryptocurrency assets, such as bitcoin and stablecoins, for entities providing international payment and transfer services, limiting them to traditional payment rails. Central Bank of Brazil Issues Ban on Crypto Utilization As Part of Regulated Cross-Border Settlement System […]Brazil Bans Crypto in Cross-Border Payments
The Central Bank of Brazil published Resolution No. 561, which imposed a blanket ban on the use of cryptocurrency assets, such as bitcoin and stablecoins, for entities providing international payment and transfer services, limiting them to traditional payment rails. Central Bank of Brazil Issues Ban on Crypto Utilization As Part of Regulated Cross-Border Settlement System […]