Original sourcecriptor.netAdditional: pro-blockchain.com
Summary
Brazil's central bank, under Resolution No. 561, will ban the use of stablecoins and other virtual assets in the settlement leg between regulated foreign exchange providers and overseas counterparties starting October 1, requiring licensed FX or qualifying non-resident real accounts instead. Indivi…
Key points
- Firms operating cross-border collections, payments, remittances, or stablecoin settlement in Brazil need to redesign settlement paths and cost models before the effective date.
- A major emerging market is excluding stablecoins from the正规 cross-border settlement shortcut, showing that stablecoin adoption will rely more on hybrid arrangements with existing bank settlement infrastructure.
- Cross-border e-commerce, remittance, and payment firms need to assess cost increases and adjust pricing, while individuals can still choose virtual asset paths for remittances.
Editorial note
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