The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets. Brazil’s central bank banned electronic foreign exchange (eFX) providers from using stablecoins and other cryptos (like Bitcoin) to settle overseas remittances, effective October 1. The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still bu…
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