The Central Bank of Brazil (BCB) is making major reforms to the country’s foreign exchange (forex) system, as described in Law No. 14,286/2021. Although the changes mainly focus on electronic forex (eFX) platforms, they could also have a significant impact on crypto operations.

Under the proposals, only authorized institutions will be able to offer eFX services. This means crypto exchanges handling international payments may soon need to obtain specific licenses, meet stricter compliance standards, and disclose full transaction costs to customers.

The new rules require all operators to display the Total Effective Value (VET) of each transaction, a measure aimed at boosting transparency and consumer protection.

Stablecoins and International Transfers Affected by New Brazilian Forex Rules

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