Japan targets early 2030s launch for blockchain-based stock and bond settlement system
Japan’s regulators are racing to modernize national settlement systems to prevent institutional investors and foreign capital from fleeing to overseas markets.
settlement
Brazil’s central bank bans stablecoin and crypto settlement in cross-border payments
Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances. BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule… Read More