Brazil: New regulation for foreign payment providers including licensing requirement
Description
New regulation for foreign payment providers including licensing requirement
Brasilian Central Bank Resolution 24 introduces licensing requirement for foreign providers of payment services.
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), digital payment provider (incl. cryptocurrencies), digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank