Brazil’s central bank will restrict how virtual assets, including stablecoins, can be used in a specific international payment settlement process from Oct. 1. Under Resolution 561, the settlement leg between regulated foreign-exchange providers and their overseas counterparties must be processed through either a licensed foreign-exchange transaction or a qualifying non-resident real account. The measure affects the infrastructure used by regulated FX providers to settle with counterparties abroad, rather than establishing a blanket ban on all international crypto transfers. CryptoSlate reported the change as the $1.1 trillion stablecoin market faces new limits in Brazil. The resolution identifies the permitted channels for this particular cross-border flow and sets the effective date for the new requirement. The supplied details do not specify how individual international transfers using virtual assets will be treated beyond the targeted settlement arrangement.
