Episode Details

Brazils central bank bans stablecoins and cryptos for cross-border payments, impacting fintechs and payment companies. The new rules, effective October first, require old-school foreign exchange deals or non-resident real accounts. Nomad, Wise, and Braza Bank are among those affected, as they had integrated stablecoin flows into their international transfers. The ban opens eFX to more investment-linked transfers, capped at ten thousand dollars per transaction. Unauthorized players must seek central bank approval by May thirty-first, twenty twenty-seven, with strict reporting and segregated funds. Brazil aims to maintain stability while allowing crypto innovation on the edges.

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