"The Central Bank of Brazil is moving to curb the institutional adoption of cryptocurrency assets, including bitcoin and stablecoins, within its regulated cross-border payment system. Resolution No. 561, published on April 30, amends earlier resolutions to improve the provisions of international payments of transfer services, banning cryptocurrency as an option that institutions providing these cross-border payment and exchange services can tap."
"Bitso, one of Latam's largest cryptocurrency service providers, has unveiled its 2025 report revealing that stablecoins drove 40% of cryptocurrency purchases in the region, indicating a significant shift towards stability in the market."
"In 2026, Meta and Stripe launched USDC payouts in Colombia, targeting frictionless future creator payments, which reflects the growing integration of cryptocurrencies into everyday financial transactions."
Brazil's Central Bank issued a resolution banning the use of cryptocurrencies in regulated cross-border payments, effective October 1. This move aims to limit institutional adoption of crypto assets. Bitso's report indicates that stablecoins accounted for 40% of all cryptocurrency purchases in Latin America, indicating a shift towards market stability. Additionally, Meta and Stripe have launched USDC payments in Colombia, aiming to facilitate smoother transactions for creators in the region.
Read at news.bitcoin.com
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