Brazil’s central bank has tightened the screws on crypto exchanges, making independent audits mandatory for licensing and renewals. If a firm wants access to one of the world’s biggest digital asset markets, it now has to prove it can handle compliance like a grown-up. Independent audits are now required for crypto licensing and renewals in […]
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Brazil’s central bank has put a hard stop on using crypto as the settlement layer for cross-border remittances, cutting Bitcoin, stablecoins, and other digital assets out of the country’s regulated eFX system. BCB Resolution No. 561 bans crypto settlement in eFX remittances Bitcoin, USDT, USDC and other crypto assets are affected Trading remains legal through […]
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Brazil’s central bank has slammed the door on crypto use in regulated cross-border payments. Crypto can still move in Brazil, but stablecoins and other virtual assets are no longer welcome in the supervised channel where foreign exchange payments are finalized. Resolution BCB No. 561 bans virtual assets from settlement inside regulated eFX services Crypto transfers […]
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Brazil’s Central Bank Lays Down the Law: Crypto Exchanges Must Prove Assets Daily by 2027 Brazil’s central bank has fired a warning shot across the bow of the cryptocurrency industry, mandating that all licensed exchanges submit daily proof of asset sufficiency starting January 1, 2027. This bold regulatory framework aims to rein in the wild […]
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Brazil’s Central Bank Stands Firm at 15%: Inflation Fights and Crypto’s Quiet Call Brazil’s central bank has doubled down, holding the benchmark Selic interest rate at a punishing 15%—a level not seen in nearly two decades—for the third straight meeting. Led by Gabriel Galipolo, this move is a gritty stand against stubborn inflation that’s still […]
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Brazil Central Bank Forex Rules: Impact on Crypto Exchanges and Blockchain Innovation Brazil’s Central Bank (BCB) has rolled out a bold proposal to tighten the reins on electronic forex (eFX) platforms, introducing strict licensing, transaction caps, and transparency rules that could send shockwaves through the cryptocurrency sector. As a key player in Latin America’s thriving […]
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