Brazil Central Bank Bars Virtual Assets From eFX Payments
[ad_1] Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules for cross-border payment providers operating under the country’s eFX framework. On Thursday, BCB published Resolution BCB No. 561, amending existing rules for eFX, a regulated category covering international payments […]
Ripple Unveils New Offerings For Banks and Fintechs In Brazil, Eyes Key License
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple has announced plans to expand operations in Brazil, South America’s largest economy, aiming to improve its digital asset services in the country and obtain a key license from Brazilian regulatory authorities. The company revealed that it is now the only […]
Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments
[ad_1] Brazil’s central financial institution accomplished guidelines that deliver crypto corporations below banking-style oversight, classifying stablecoin transactions and sure self-custody pockets transfers as foreign-exchange operations. Underneath Resolutions 519, 520 and 521, revealed Monday, the Banco Central do Brasil (BCB) established operational requirements and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos […]