[Brazil's Central Bank Prohibits the Use of Virtual Assets for Settlement in Regulated eFX Cross-Border Payment Channels] According to Deep Tide TechFlow on May 1, as reported by Cointelegraph, Brazil's Central Bank issued Resolution No. 561, prohibiting the use of virtual assets for settlement in regulated eFX international payment and transfer services. The new regulation requires payments or receipts between eFX service providers and foreign counterparties to be completed through foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that are in a transitional period and have not yet been approved. The rule does not constitute a blanket ban on cryptocurrency transfers in Brazil but excludes virtual assets and stablecoins from regulated eFX channels.