Brazil Central Bank Revises Cross-Border Payment Rules

The Brazilian Central Bank announced Resolution No. 561 on Thursday, revising the rules for electronic foreign exchange frameworks. According to Foresight News, the new regulation mandates that cross-border payments must be processed through traditional foreign exchange transactions or regulated Brazilian real accounts held by foreign counterparts. This measure does not completely ban cryptocurrency transfers within Brazil but removes digital assets, including stablecoins, from the country's regulatory framework.