Currencies
Brazil Central Bank Expands Corporate FX Accounts, Closes Stablecoin Payment Loophole
The Banco Central do Brasil is modernizing its foreign exchange rules, easing currency management for exporters while explicitly banning stablecoins for settlement in the popular electronic FX channel starting October 1.
The Banco Central do Brasil is modernizing its foreign exchange rules, easing currency management for exporters while explicitly banning stablecoins for settlement in the popular electronic FX channel starting October 1.
Loading subscriber access…
Latest articles
Why Speculators Are Sticking to Big Bets on Soybean FuturesSpeculative traders maintain significant long positions in soybean futures as they weigh massive global supply projections against South American weather risks.
Why Brazil's new labor rules and high rates hit US portfolios nowBrazil's Supreme Court has locked in a mandatory five-day workweek transition, while high interest rates force payment giant StoneCo to slash its profit outlook.
Steelmaker CSN Plunges 12% on Massive Loss and Stretched DebtBrazilian industrial giant CSN posted a R$1.247 billion ($215 million) Q3 net loss as rising debt and weak iron ore prices hit the conglomerate.