Brazil’s central financial institution, Banco Central do Brasil (BCB), has barred the usage of digital belongings in sure regulated worldwide cost and switch providers, tightening guidelines for cross-border cost suppliers working below the nation’s eFX framework.
On Thursday, BCB revealed Decision BCB No. 561, amending current guidelines for eFX, a regulated class masking worldwide funds and transfers. The decision states that funds or receipts between an eFX supplier and its international counterparty have to be carried out completely by way of a international change transaction or motion in a non-resident Brazilian actual account, with the usage of digital belongings prohibited.
The restriction additionally applies below transitional guidelines for eFX suppliers that aren’t but listed amongst accepted supplier classes. These corporations might proceed offering eFX provided that they apply for authorization from the central financial institution by Might 31, 2027, however their funds and receipts should nonetheless use international change transactions or non-resident actual accounts, not digital belongings.
The rule doesn’t quantity to a blanket ban on crypto transfers in Brazil. As a substitute, it closes off the usage of crypto and stablecoins contained in the regulated eFX channel, reinforcing the central financial institution’s effort to maintain cross-border cost flows inside supervised international change rails.
English translated excerpt of the BCB Decision No. 561. Supply: BCB
Brazil tightens oversight of crypto-linked cross-border flows
Brazil has been shifting to fold digital belongings into its monetary and international change rulebook as stablecoins change into a bigger a part of the nation’s crypto exercise.
In November 2025, the central financial institution detailed new guidelines for digital asset service suppliers, together with authorization necessities and guidelines for providers involving digital belongings within the foreign-exchange market.
The central financial institution’s push follows concern over the usage of stablecoins for funds and cross-border transfers. In February, Reuters reported that BCB Governor Gabriel Galipolo stated that crypto use had surged within the nation over the earlier two to 3 years, with about 90% of flows linked to stablecoins. He stated that raised issues round taxation, cash laundering and asset backing.
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The eFX rule comes as Brazil’s central financial institution has additionally signaled concern over stablecoins issued by corporations outdoors its regulatory perimeter. In a technical word despatched to Congress and seen by Cointelegraph Brasil, the central financial institution stated stablecoins issued by entities not topic to BCB supervision may face a ban or strict situations within the home market.
The doc stated real-denominated stablecoins issued outdoors BCB supervision might pose dangers to regulatory equality and financial sovereignty, whereas foreign-currency stablecoins increase issues round jurisdiction, capital flows and fragmentation of the funds system.
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