Brazil Central Bank Bars Stablecoins and Crypto for Cross‑Border Payment Settlements
Fast facts
- Category: Crypto
- Language: EN
- Published: 2026-05-02 12:56 UTC
- Sources: CoinDesk
CoinDesk reports that Brazil’s central bank issued a directive prohibiting the use of stablecoins and other cryptocurrencies for settling cross‑border transactions, citing concerns over monetary sovereignty and consumer protection. The ban applies to banks and payment institutions, and the regulator warned that violations could result in fines.
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