BCB Resolution 561: New eFX Rules for Stablecoins in Brazil and Why BlindPay Is Unaffected

On April 30, 2026, the Brazilian Central Bank (BCB) published Resolution BCB nº 561/2026, which amends Resolution BCB nº 277/2022, particularly the chapter on the international payment and transfer service known as eFX. Contrary to what has been circulating in the media and on social networks, the new rule does not alter BlindPay's business model, much less make it unviable. The new rule changed provisions applicable to a specific type of remittance abroad (eFX), which is not used by BlindPay in its business model.

This post explains exactly what changed, what the rule actually targets, and why our operations and the stablecoin-powered payment routes we offer remain unaffected.

What Resolution 561 Actually Changes

Among other adjustments, Resolution BCB nº 561/2026 introduces article 50 to Resolution BCB nº 277/2022. Article 50 establishes that payments or receipts between an eFX provider and its foreign counterparty must occur exclusively through:

• A foreign exchange (câmbio) operation, or
• Movements in a non-resident reais account held in Brazil.

The use of virtual assets in this settlement relationship between the eFX provider and the foreign counterparty is prohibited. The same regulation also details operational definitions relevant to eFX (such as "remitting user", "receiving user", and "foreign counterparty") and reinforces governance duties, information custody, and other obligations applicable to eFX providers.

This is a targeted operational rule for licensed eFX providers. It does not ban individuals or companies from buying, selling, or holding stablecoins, prohibit peer-to-peer transfers of virtual assets, or restrict the use of stablecoins outside the eFX framework.

Why This Does Not Affect BlindPay

To begin with, BlindPay does not operate as an eFX provider. In objective terms, our services consist of:

1. The sale of stablecoins to users residing in Brazil, against payment in reais via transfer to a non-resident bank account held by BlindPay Inc. in Brazil; and
2. When requested by the user, the transfer of the virtual asset (stablecoin) from a wallet owned by BlindPay to another wallet indicated by the user abroad (whether owned by the user or by a third party).

From a regulatory standpoint, this operation involves two flows:

• First flow: acquisition of an asset abroad (the stablecoin) by a customer residing in Brazil.
• Second flow: international transfer with virtual assets under Resolution 277/2022, carried out under a regime distinct from the eFX framework.

If our structure relied on an eFX service provider, the prohibition introduced by Resolution 561/2026 would apply to the first flow: the settlement of the asset acquisition (the stablecoin) by the eFX provider to its foreign counterparty could not be performed directly with a virtual asset. However, in BlindPay's business model, the acquisition of stablecoins by the Brazilian-resident customer is operationalized exclusively through movements in a non-resident reais account held in Brazil. It does not involve and is not related to the provision of eFX services, which is the focus of the prohibitions in Resolution 561/2026.

As for the second flow, it is an international transfer or payment with a virtual asset, an operation expressly contemplated by article 76-A of Resolution 277/2022.

Our legal counsel has reviewed Resolution 561 in detail and confirms:

"Based on the structure of the service provided by BlindPay and the purpose of article 50 (settlement rules between an eFX provider and its foreign counterparty), the regulation does not prevent the continuity of the services in their current format."

BlindPay continues to monitor the regulatory developments applicable to virtual assets and payment services, maintaining policies and internal controls focused on regulatory compliance and operational security, including customer identification, anti-money-laundering prevention, and operational traceability.

What This Means for Businesses Using BlindPay

If you're already moving money with us, nothing changes:

• Settlement speeds stay the same (often seconds to minutes)
• Costs remain significantly lower than legacy correspondent banking
• Compliance and audit trails are still built-in and automated
• You can keep using stablecoins as part of your global treasury strategy

For CFOs and CEOs expanding in Brazil or Latin America, this regulatory clarification actually reinforces why orchestration platforms like BlindPay are the future: we adapt to evolving rules while keeping the benefits of stablecoins and instant rails intact.

Looking Ahead

The BCB continues to modernize Brazil's payment ecosystem while maintaining strong oversight. We welcome clear rules that bring more transparency and security to cross-border finance, and we remain committed to building the infrastructure that lets businesses thrive within them.

If you have questions about how Resolution 561 (or any other regulatory update) affects your specific payment flows, our team is ready to walk you through it.

Ready to orchestrate faster, cheaper, and compliant global payments? Book a demo with BlindPay