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Brazil’s central bank (BCB) has suggested new regulations for the forex industry that could impose additional limitations on the nation’s cryptocurrency exchanges.
The Brazilian news outlet Livecoins has reported that the BCB has published a public consultation document seeking input on its recommendations.
Forex Regulations: Will Crypto Exchanges Be Affected?
The focus of these recommendations is primarily on Forex platforms, referred to as eFX in Brazil (which stands for electronic foreign exchange).
In fact, the bank did not specifically mention crypto exchanges in its recommendations, nor did it refer to cryptocurrency transactions.
However, in their present form, the regulations would influence crypto exchange platforms that permit their users to conduct international transfers or trade coins for currencies other than the Brazilian real.
The BCB aims to bring the mostly unregulated Forex sector under its oversight.
Its suggestions include requiring both existing and prospective Forex providers to apply for regulatory licenses.
Forex platforms would also need to provide information regarding their clients’ transactions and utilize designated on/off ramps for client deposits and withdrawals.
Moreover, the proposals recommend limiting individual transactions to a maximum value of $10,000.
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Additionally, the BCB intends to mandate that forex platforms enhance their transparency standards, ensuring that customers are informed of the actual and complete costs associated with each transaction they execute.
Crypto exchanges allowing their customers to transfer funds to international accounts “may also be impacted,” the news outlet cautioned.
The regulations would likewise affect crypto exchanges operating outside Brazil, with traders potentially facing the same $10,000 transaction limits.
Source: Ariadne ariadnerb
The Growing Appeal of Crypto in LATAM
The outlet highlighted that the proposals “do not cover” investment activities on eFX platforms, concentrating instead “solely on currency transactions.”
The consultation period is set to continue until November 2, as stated in the bank’s document.
The popularity of cryptocurrency is rapidly increasing in Brazil and across Latin America. Residents of Venezuela and Argentina have increasingly turned to stablecoins like USDT to combat inflation.
#VNZWatch
: Today, I measure Venezuela’s inflation at a SOARING 396%/yr.
That’s the world’s highest inflation rate.
VENEZUELA = INFLATION SOARING INTO OBLIVION. pic.twitter.com/HwVaNCoWpr— Steve Hanke (@steve_hanke) September 3, 2025
: Today, I measure Venezuela’s inflation at a SOARING 396%/yr.Furthermore, Nubank, Brazil’s largest neobank, announced this month its intention to pilot a payment platform based on stablecoins.
The post Central Bank’s New Brazilian Forex Rules Could Impact Crypto Exchanges appeared first on Cryptonews.
