CAMEO+ eventECONOMIC2026-05-02馃嚙馃嚪
Brazil Central Bank bans stablecoins for cross-border crypto payments
source: Brazil's central bank -> target: eFX providers
On 2026-05-02, Brazil's central bank banned electronic foreign exchange providers from using stablecoins, bitcoin, or other cryptocurrencies to settle overseas remittances. The rule closes the back-end rail for cross-border crypto settlement and takes effect October 1, while leaving individual crypto holdings unaffected.
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Location
BrasiliaSouth AmericaBrazilSouth America-15.794, -47.883
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