TechFlow News: On May 3, the Central Bank of Brazil banned the use of stablecoins and cryptocurrencies for settlement in cross-border payments. The regulation will take effect on October 1.
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TechFlow News: On May 3, the Central Bank of Brazil banned the use of stablecoins and cryptocurrencies for settlement in cross-border payments. The regulation will take effect on October 1.

The Central Bank of Brazil has banned the use of stablecoins and cryptocurrencies for settlement in cross-border payments, effective October 1.