🇧🇷 NEW: Brazil central bank bans crypto use in regulated cross border payment settlements.

May 1, 2026 · 12:40 PM UTC

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Replying to @Cointelegraph
As if anyone goes to Brazil for their banking 🤣
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Replying to @Cointelegraph
Brazil just told you it's relevant enough to ban. That's not a sign of weakness, it's a backhanded compliment from a central bank.
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Replying to @Cointelegraph
Brazil is the biggest market for crypto in Latin America and most of this activity is driven by stablecoins. Why the ultra conservative regulation?
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Replying to @Cointelegraph
Crypto is permissionless
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Replying to @Cointelegraph
countries banning specific uses while adoption still grows is always funny 😭
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Replying to @Cointelegraph
Crypto stays legal, but it’s being pushed out of official international settlement infrastructure
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Replying to @Cointelegraph
Big L for Brazil
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Replying to @Cointelegraph
How is this happening in 2026, there’s definitely a reason for this backward action. More updates soon.
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Replying to @Cointelegraph
Brazil said what now? ‍️ NGMI.
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Replying to @Cointelegraph
Bans don’t stop innovation, just push it underground
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Replying to @Cointelegraph
That’s a tough move for crypto adoption there
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Replying to @Cointelegraph
Ban won’t stop the inevitable, just delays it
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Replying to @Cointelegraph
@BlockChip_1 doesn’t depend on new buyers. Revenue drives demand instead. That’s a key advantage.
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Replying to @Cointelegraph
This is not an issue. New US Fed Chair coming in is going to open US digital rails. Either Brazil fucks off and accept it, or they lose access. Really a dumb fucknuts move on their part.
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Replying to @Cointelegraph
First they ignore it. Then they ban it. Then they build their own version. Brazil is on step two.
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Replying to @Cointelegraph
Banning the rail does not remove demand, it just moves the flow off the visible path.
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Replying to @Cointelegraph
É um movimento defensivo de curto prazo. A tendência de longo prazo continua sendo integração, não exclusão.
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Replying to @Cointelegraph
The Central Bank proposed to federal deputies that they ban USDC and USDT. They want a stablecoin they can control. Interesting RLUSD it's not in their ban list. google.com/amp/s/portaldobit…

Banco Central recomenda proibição de stablecoins por empresas não reguladas

“Restrição de uso" das stablecoins de empresas não reguladas é central para preservar a política monetária e financeira, diz Banco Central

portaldobitcoin.uol.com.br
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Replying to @Cointelegraph
Governo atual do Brasil é de esquerda ! Nas próximas eleições isso vai mudar e as coisas vão melhorar por aqui! No momento o governo Brasileiro atual destruiu a economia!
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Replying to @Cointelegraph
87% of latam stablecoin volume already migrated to stripe/circle settlement. the ban just accelerates it.
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Replying to @Cointelegraph
Internet probably getting regulated next for excessive speed.
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Replying to @Cointelegraph
Oooo man, Become skeptic in first stage and they will buy bitcoin in next step 😀😀😀 Same story
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Replying to @Cointelegraph
Wow First it was south africa 🇿🇦 now its Brazil🙄🤔 is this BRICS plan to burn crypto?
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Replying to @Cointelegraph
Acho que seria util restringir o PIX fora da cidade pra fortalecer o comércio local. Só pode usar no seu bairro mesmo. Quer usar seu próprio dinheiro em outra cidade? Tem que pedir autorização pro banco com 7 dias de antecedência e explicar o motivo e o valor que gastara. O que acham?
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Replying to @Cointelegraph
central banks protecting their turf
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Replying to @Cointelegraph
Governments don't ban things that don't matter. Brazil banning crypto in cross-border settlements is them admitting it's a real threat to their control. Bullish signal dressed up as bad news. 👀
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Replying to @Cointelegraph
Now dump the markets! Want to buy cheaper
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Replying to @Cointelegraph
O parasita🐀 é maior que o Hospedeiro
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Replying to @Cointelegraph
Short lived news. They’ll be back. They are considered a “leaky” country like Iran.
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Replying to @Cointelegraph
Brazil clamping down on crypto for official cross-border stuff? Figures, they're scared of losing control. But we're building unstoppable alternatives. Who's routing through DeFi now? 😏
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Replying to @Cointelegraph
Brazil didn’t ban crypto It only blocked crypto from being used as settlement inside official cross-border payment rails
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Replying to @Cointelegraph
error error errrrror
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Replying to @Cointelegraph
brazil's move forces more off-chain settlement on solana - watch for on-chain volume spiking as traders dodge regs. Dominance at 60% means alts get hit harder.
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Replying to @Cointelegraph
Bitcoin was invented because of stupid central bank shit like this...
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Replying to @Cointelegraph
Brazil is a shitty country. The majority of the population supports a corrupt federal government.
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Replying to @Cointelegraph
Good on ya for sharing this, that's big news from Brazil. Down here in Oz it’ll surely spark debate about cross-border payments and remittances - how do you reckon this will hit crypto firms?
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