The Central Bank of Brazil has issued Resolution No. 561, revising the rules for eFX cross-border payment services. The new regulations stipulate that eFX transactions must be conducted through foreign exchange operations or non-resident real accounts, explicitly prohibiting the use of virtual assets. Additionally, the resolution sets a limit of $10,000 for individual digital payments and investment-related cross-border transfers. The rules also enhance KYC requirements, mandate a 10-year information retention period, and require data reporting. Banks, brokers, and payment institutions are authorized to offer these services. The resolution will take effect on October 1, 2026.
Brazil Central Bank Revises eFX Cross-Border Payment Rules
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