X @BSCN

BRAZIL CENTRAL BANK CRACKS DOWN ON CRYPTO USAGEThe Banco Central do Brasil has officially issued Resolution No. 561, banning the use of cryptocurrencies in all regulated cross-border payment frameworks.The new eFX rules mandate that international transfers must be processed exclusively through traditional foreign exchange transactions or regulated Brazilian real accounts held by foreign counterparties.This regulatory shift targeting digital assets comes as stablecoins account for over 90% of domestic crypto ...