Brazil Central Bank Classifies Stablecoins as Foreign Exchange Under New Resolutions

Brazil's central bank published Resolutions 519, 520, and 521, classifying stablecoin transactions as foreign exchange operations subject to banking-style oversight. Licensed virtual asset service providers must implement consumer protection and anti-money laundering protocols. Transfers with unlicensed foreign entities are capped at $100,000, with full implementation set for 2 February 2026.