Regulation· ★★★· neutral·

Brazil bans stablecoins in eFX, Saudi exits mBridge, Hong Kong targets 24/7 CBDC settlement

  • —Brazil bans eFX providers from stablecoin settlement with foreign counterparties from October 1
  • —The ban does not restrict individuals from buying, holding or transferring digital assets
  • —Saudi Arabia exited mBridge after its proof-of-concept but may continue related work
  • —Hong Kong targets 24/7 CBDC settlement under EnsembleTX by around end-2026
Why it matters: Regulators are diverging on stablecoins and CBDCs: some restrict their use in settlement, others build new infrastructure on them.
Source: CoinGeek
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