Regulation· ★★★· neutral·

Brazil's Central Bank updates FX rules for international crypto operations

  • —Resolution BCB No. 599/2026 took effect on October 9
  • —New code 99516 covers position adjustments from crypto trades abroad
  • —Ban on buying or selling crypto with foreign currency remains in place
  • —Changes affect PSAVs and international payment providers (eFX)
Why it matters: The new code gives Brazilian institutions more clarity when dealing with stablecoins and foreign counterparties, but requires precise classification of each operation.
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Source: Livecoins
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