PANews May 1 news, according to Cointelegraph, the Central Bank of Brazil (Banco Central do Brasil, BCB) issued Resolution No. 561, which prohibits the use of virtual assets for settlements within the regulated international payment and transfer service (eFX) framework, further tightening the regulation of crypto assets in the cross-border payment sector.

According to the new regulation, payments and receipts between eFX service providers and their overseas counterparts must be completed only through foreign exchange transactions or the transfer of funds from non-resident Brazilian real accounts, and the use of crypto assets or stablecoins for settlements is not allowed. This restriction also applies to eFX service providers that have not yet been officially included in the approved category but are in a transitional period; these institutions must apply for authorization from the Central Bank of Brazil by May 31, 2027, if they wish to continue operating.

This regulation does not constitute a comprehensive ban on crypto asset transfers in Brazil but rather explicitly excludes crypto assets and stablecoins from the regulated eFX cross-border payment channels, reinforcing that cross-border capital flows must be regulated through the official foreign exchange system. The Central Bank of Brazil had previously stated that this

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