The Project Agorá prototype demonstrates how tokenisation and programmable technologies can address long-standing inefficiencies in wholesale cross-border payments at scale, while preserving the safety and integrity of settlement in central bank reserves.
Primary-source Bank for International Settlements reporting on Payments and Policy and Tokenisation matters for Cross-border payments readers.
The Government intends to give the Bank of England a new responsibility to support innovation in payment systems and emerging forms of digital money, whilst continuing to prioritise financial stability.
Primary-source Hm Treasury reporting on Payments and Policy matters for Regulatory oversight readers.
Federal Reserve Board requests comment on proposal to require certain payment stablecoin issuers to maintain an effective customer identification program.
Primary-source U.S. Federal Reserve reporting on Payments and Policy matters for Monetary policy readers.
Banco Central do Brasil Resolution 561 restricts eFX providers from using stablecoins or crypto assets to settle regulated cross-border payments.
The rule directly affects LATAM remittance and cross-border payment providers by changing whether stablecoin settlement can sit behind regulated eFX flows after October 1, 2026.
Jurisdiction
Brazil
Regulator
Banco Central do Brasil
Treatment
FX and payments treatment
Posture
Enacted, not operational
Affected
USDT, USDC, eFX providers
Source trust
Standard reporting
Source
Global Finance Magazine: Brazil Nixes Settlement for Stablecoin eFX