Central Bank of Brazil: Stablecoins should be considered electronic money instruments
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Russian Central Bank Governor: Considering the use of stablecoins in cross-border settlements
According to Odaily Odaily, the Governor of the Central Bank of Russia stated at the Financial Congress that the Central Bank is considering using stablecoins in cross-border settlements, but only as a supplement to the digital ruble. The Central Bank of Russia has concerns about using stablecoins in internal settlements. The Central Bank of Russia is currently discussing the launch of a ruble-pegged, state-controlled stablecoin and analyzing the appropriateness of combining such instruments with central bank digital currencies in cross-border transactions. Furthermore, the Central Bank of Russia proposed stablecoin regulatory rules last week, the core idea of which is to ensure all transactions are conducted under state control.
The Central Bank of Brazil will include encrypted VASPs under the same regulatory requirements as securities brokers.
According to Mars Finance, the Central Bank of Brazil issued Resolution No. 580/2026, classifying companies providing virtual asset services (VASPs) and their affiliated groups as Category 3 institutions, subject to the same requirements as securities brokers, securities distributors, and forex brokers. From January 1, 2027, these institutions will be subject to prudential requirements such as risk management rules, capital requirements, and information disclosure policies. By June 30, 2028, VASPs, regardless of size, will be included in Section 4 and will no longer be eligible for the simplified compliance regime for low-risk institutions in Section 5.
Brazilian police have dismantled a cryptocurrency money laundering network linked to the PCC, involving nearly $2 billion.
According to Foresight News News, Brazilian federal police launched Operation "Exchange" on Friday, targeting a criminal organization linked to the First Capital Command (PCC), Brazil's Specially Designated Global Terrorist Group (SDGT). This organization is accused of using cryptocurrency and cash to launder money and transfer illicit funds from Florida to Brazil. The operation involved 50 police officers who executed 13 search and seizure warrants and 11 provisional arrest warrants at multiple locations in São Paulo state. Authorities estimate that the criminals laundered nearly $2 billion through this money laundering scheme, mixing peer-to-peer transactions, large bank transactions, and cash transactions. However, as the investigation is ongoing, it has not yet been determined whether any exchanges were involved. On July 1, two suspects, Victor Henrique de Oliveira Shimada and Stella Stefanie Nunes Henrique de Oliveira, who were suspected of involvement in the organization, were added to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list along with three Brazilian companies and one Portuguese company due to their affiliation with the First Capital Command (PCC).
Americans Would Use Stablecoins—If They Came With Bank Protections, Visa Study Finds
A Visa survey found U.S. willingness to use stablecoins for cross-border transfers rises from 36% to 56% when paired with hypothetical bank-level fraud protection and deposit insurance.
ECB, EU cenbanks seek changes in MiCA’s minimum bank deposit for stablecoins
The ECB and EU central banks want to replace MiCA’s stablecoin bank-deposit requirements with liquidity thresholds, warning that sudden withdrawals could strain lenders.
Europe’s Central Bank Prepares to Invest Own Funds in Tokenized Securities
The central bank plans to buy euro-denominated public-sector debt and settle the transactions through its new Pontes service.