Brazil's central bank excluded virtual assets from settlement on its regulated eFX payment rails, blocking crypto transactions from the country's official cross-border payment infrastructure. The decision tightens oversight of cryptocurrency flows through formal financial channels. The central bank treats crypto settlement as incompatible with the eFX system, which handles foreign exchange transactions between banks and financial institutions. This move prevents cryptocurrencies from gaining institutional legitimacy within Brazil's regulated payment ecosystem. The action reflects broader regulatory caution toward crypto integration into traditional banking rails. Brazil joins other jurisdictions restricting crypto access to official payment systems, though the country previously explored central bank digital currency (CBDC) development. The ban applies specifically to settlement, meaning virtual assets cannot be used as final payment instruments on the platform. This creates friction for institutions seeking to bridge crypto markets with formal finance. The restriction signals Brazil's preference for controlling crypto flows outside regulated infrastructure rather than permitting integration.