TechFlow News, May 1: According to a Cointelegraph report, the Central Bank of Brazil issued Resolution No. 561, prohibiting the use of virtual assets for settlement in regulated eFX international payment and money transfer services. The new rule mandates that payments or receipts between eFX service providers and their foreign counterparties must be conducted via foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that have not yet received formal approval but are operating during a transitional period. The regulation does not impose a blanket ban on cryptocurrency transfers in Brazil; rather, it excludes virtual assets and stablecoins from regulated eFX channels.
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