Brazil's central bank stated that the move aims to address ambiguities in the 2022 virtual assets law, which grants the central bank the authority to determine which crypto operations constitute foreign exchange activities, but previously lacked specific regulations. The new rule (Resolution No. 561) will require settlements between regulated foreign exchange service providers and their overseas counterparts to be conducted through licensed foreign exchange transactions or qualified non-resident real accounts. However, international transfers made by individuals using virtual assets will still be permitted. Data from the Brazilian tax authority shows that between August 2019 and December 2025, reported stablecoin transactions in Brazil amounted to 1.13 trillion BRL, accounting for approximately 72% of all reported crypto activities.