Brazil's New Rules on Crypto Payments and Their Impact

shrimp · 2022-01-07T10:31:00.000Z

Brazil's central bank just shut down crypto cross-border payments, what is going on? I tried using Bitpay to buy some stuff, but I can't log into my account. I did KYC before, but now it seems that's not enough. They told me my country is now on their restrict

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#21Jan 11, 2022, 09:20 AM

This isn’t just about crypto; it’s about government regulation and control over capital. They want to monitor everything for tax and compliance.

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#22Jan 11, 2022, 02:37 PM

Right, so while they restrict third-party services, P2P transactions won’t stop. It’s just going to push some users to find other ways around these restrictions.

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Brazil's New Rules on Crypto Payments and Their Impact

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