Brazil’s Stablecoin Crackdown: Are Crypto Payments Now Heavily Regulated?
Key Takeaways: Brazil Redefines Stablecoin Payments as Foreign Exchange Brazil’s central bank has introduced a sweeping regulatory framework that classifies stablecoin transactions as foreign exchange (FX) operations, reshaping how crypto operates in the country. The Banco Central do Brasil (BCB) announced that, under Resolutions 519, 520, and 521, crypto firms will now face banking-style oversight….