"The Central Bank of Brazil's Resolution No. 561, published on April 30, bans the use of cryptocurrency assets for international payment services, mandating fiat transactions exclusively."
"Effective October 1, 2026, the Central Bank will require all foreign exchange flows to be conducted through traditional payment methods, eliminating the use of cryptocurrencies."
"The resolution aims to enhance security and transparency in Brazil's financial system while aligning with global standards for preventing financial crimes."
Resolution No. 561 from the Central Bank of Brazil prohibits the use of cryptocurrency assets for international payment services. Effective October 1, 2026, firms must use traditional fiat methods for foreign exchange. The resolution amends previous regulations to enhance international payment provisions, explicitly banning cryptocurrencies like bitcoin and stablecoins. While recognizing virtual assets, the bank restricts their use in cross-border transactions to improve security and align with global financial crime prevention standards.
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