Brazil bans crypto from cross-border transfers under new central bank rules.

Brazil's central bank has issued Resolution BCB No. 561, explicitly prohibiting the use of crypto assets in cross-border transactions. Under the revised eFX framework, all international payments must flow through regulated FX operations or licensed accounts — effectively shutting crypto rails out of the cross-border corridor.

The resolution also tightens the compliance perimeter: stricter KYC procedures, mandatory transaction reporting, defined limits, and data retention requirements of up to ten years. The rules come into force on October 1, 2026, giving institutions roughly a year to adapt.

Brazil has been one of Latin America's most active crypto markets, making the explicit exclusion significant. The move signals the central bank's preference for keeping cross-border flows within fully supervised channels as it builds out its own digital payment infrastructure.