PANews reported on September 24th that according to Cryptonews, Brazil's central bank has proposed new regulations for the foreign exchange (forex) industry, potentially further restricting cryptocurrency exchanges. The proposal, released for public consultation, solicits feedback. While the proposal does not directly address cryptocurrency trading and exchanges, as currently formulated, the rules would affect trading platforms that allow customers to transfer money internationally or sell cryptocurrencies for currencies other than the Brazilian real. The new regulations would bring the largely unregulated forex industry under regulatory oversight, forcing providers to apply for licenses, submit customer transaction data, use designated entry/exit points for deposits and withdrawals, and cap single transactions at $10,000. The central bank aims to increase transparency among forex platforms, and local media warn that cryptocurrency exchanges involved in money transfers could be affected, and exchanges operating overseas could also be subject to restrictions. The consultation period runs until November 2nd.PANews reported on September 24th that according to Cryptonews, Brazil's central bank has proposed new regulations for the foreign exchange (forex) industry, potentially further restricting cryptocurrency exchanges. The proposal, released for public consultation, solicits feedback. While the proposal does not directly address cryptocurrency trading and exchanges, as currently formulated, the rules would affect trading platforms that allow customers to transfer money internationally or sell cryptocurrencies for currencies other than the Brazilian real. The new regulations would bring the largely unregulated forex industry under regulatory oversight, forcing providers to apply for licenses, submit customer transaction data, use designated entry/exit points for deposits and withdrawals, and cap single transactions at $10,000. The central bank aims to increase transparency among forex platforms, and local media warn that cryptocurrency exchanges involved in money transfers could be affected, and exchanges operating overseas could also be subject to restrictions. The consultation period runs until November 2nd.
Brazil's Central Bank's New Foreign Exchange Rules May Affect Crypto Exchanges
2025/09/24 20:52
PANews reported on September 24th that according to Cryptonews, Brazil's central bank has proposed new regulations for the foreign exchange (forex) industry, potentially further restricting cryptocurrency exchanges. The proposal, released for public consultation, solicits feedback. While the proposal does not directly address cryptocurrency trading and exchanges, as currently formulated, the rules would affect trading platforms that allow customers to transfer money internationally or sell cryptocurrencies for currencies other than the Brazilian real. The new regulations would bring the largely unregulated forex industry under regulatory oversight, forcing providers to apply for licenses, submit customer transaction data, use designated entry/exit points for deposits and withdrawals, and cap single transactions at $10,000. The central bank aims to increase transparency among forex platforms, and local media warn that cryptocurrency exchanges involved in money transfers could be affected, and exchanges operating overseas could also be subject to restrictions. The consultation period runs until November 2nd.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income
Metaplanet Inc., the Japanese public company known for its bitcoin treasury, is launching a Miami subsidiary to run a dedicated derivatives and income strategy aimed at turning holdings into steady, U.S.-based cash flow. Japanese Bitcoin Treasury Player Metaplanet Opens Miami Outpost The new entity, Metaplanet Income Corp., sits under Metaplanet Holdings, Inc. and is based […]
Share
Coinstats2025/09/18 00:32
Share
BlockDAG’s Upcoming Sponsorship, Chainlink’s Hesitant Breakout, and Litecoin’s Flat Growth: Best Long Term Cryptos
As of this week, BlockDAG is priced at just $0.0016, yet has already achieved presale fundraising of over $410 million, with 26.5 billion BDAG coins sold, 312,000+ holders, and an active user base of 3 million daily miners. All eyes are now on a global sponsorship announcement expected within 2 days, an event that the […] The post BlockDAG’s Upcoming Sponsorship, Chainlink’s Hesitant Breakout, and Litecoin’s Flat Growth: Best Long Term Cryptos appeared first on Live Bitcoin News.
Share
LiveBitcoinNews2025/09/25 01:00
Share
Franklin Templeton expands tokenized fund platform Benji to BNB Chain
Global investment giant Franklin Templeton, which boasts $1.6 trillion in assets under management, has expanded its Benji Technology Platform to the BNB Chain ecosystem. Now the company looks forward to broader access to its tokenized products for institutional and retail investors. Roger Bayston, head of digital assets at Franklin Templeton, said, “Our goal is to […]
Share
Cryptopolitan2025/09/25 00:56
Share