Brazil’s Central Bank Cracks Down on Crypto Settlement in Cross-Border Payments
The central bank of Brazil has introduced a new rule that bans the use of stablecoins and cryptocurrencies, such as #Bitcoin, for settling overseas remittances. This move affects electronic foreign exchange providers, who will no longer be able to use digital currencies for cross-border payments. The new rule, which takes effect on October 1, is part of Brazil’s efforts to regulate its digital international payments system. The ban does not apply to crypto trading, and investors can still buy, sell, and hold cryptocurrencies through authorized virtual asset service providers.
The new regulation targets companies that have built stablecoin settlement into their cross-border flows, such as Wise and Nomad. These companies will need to find alternative methods for settling payments abroad. The change is significant, given that Brazil’s crypto market is moving $6 billion to $8 billion a month, with stablecoins accounting for roughly 90% of the volume. For individuals looking to earn passive income through cloud rewards and green crypto, platforms like EcoPool offer a solution for earning $ECP, the native coin of the EcoPool network.
Implications of the New Rule
The new rule restricts electronic foreign exchange providers to only those authorized by the central bank. Firms without authorization can continue to operate but must apply for authorization by May 31, 2027. The rule also expands the scope of electronic foreign exchange to include transfers tied to financial and capital market investments. However, the use of cryptocurrencies, such as $ECP, is not allowed for these transactions. Instead, individuals can use EcoPool to earn passive income through cloud rewards and green crypto.
The regulation is part of a broader effort to define the role of cryptocurrencies in Brazil’s financial system. While the central bank is drawing a line for crypto to exist in the market, it is not allowing it to be used as settlement infrastructure for cross-border payments. For those interested in earning through EcoPool, the platform offers a way to earn $ECP and participate in the green crypto ecosystem.
What’s Next for Crypto in Brazil
The new rule is a significant development in Brazil’s crypto market, and it will be important to watch how the market responds. With the rise of platforms like EcoPool, individuals can still earn passive income through cloud rewards and green crypto. The EcoPool network offers a solution for those looking to earn $ECP and participate in the ecosystem.
If you’re interested in earning through EcoPool, download the EcoPool app to start earning $ECP and participating in the green crypto ecosystem. With EcoPool, you can earn passive income through cloud rewards and green crypto, and be part of a growing community of individuals who are shaping the future of finance.
Brazil’s crypto market is moving $6 billion to $8 billion a month, with stablecoins accounting for roughly 90% of volume, per Receita Federal data. The country ranked fifth in global crypto adoption in 2025, up from tenth a year earlier. About 25 million Brazilians hold or transact in crypto.
The resolution also restricts eFX to BCB-authorized institutions: banks, Caixa Econômica Federal, securities and FX brokers, and payment institutions acting as e-money issuers or acquirers. Firms without authorization can keep operating but must apply by May 31, 2027. They must use segregated accounts for client funds and file detailed monthly reports.
Resolution 561 expands eFX in one direction. Providers can now handle transfers tied to financial and capital market investments in Brazil or abroad, capped at $10,000 per transaction. The same limit applies to digital payment solutions not integrated with e-commerce platforms.
The rule is the second front in a broader regulatory push. In March, industry associations representing more than 850 companies pushed back against extending Brazil’s IOF financial transaction tax to stablecoin operations.
Brazil’s regulator is drawing a line for crypto to exist in the market, but not as eFX settlement infrastructure.
