Central Bank studies Pix restrictions for banks with security flaws

Brazil's Central Bank is evaluating limits on financial institutions with cybersecurity weaknesses in the Pix system. Preventive measures could include restrictions on hours, values or bans on new keys. The move follows attacks that caused resource diversions in 2025.

The monetary authority seeks to adjust rules to allow preventive sanctions by the supervision area. Current penalty processes are viewed as bureaucratic and slow, according to consulted technicians.

The Central Bank sent a questionnaire with over 400 questions to regulated institutions to assess risks and information technology controls. Responses will help identify who may receive precautionary measures.

In 2025, diversions via Pix and TED totaled about R$ 1.5 billion. The largest case involved C&M Software in June that year, with R$ 813 million diverted. After the incident, the BC imposed a R$ 15,000 limit on operations of institutions connected through PSTIs.

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Illustration of Bank of Mexico building with digital banking apps and official documents for new transfer rules
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Banxico publishes new rules for digital transfers

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The Bank of Mexico published two regulatory modifications in the Official Gazette to standardize banking apps and create Nivel 2 Bis accounts for small businesses.

Finance Minister Dario Durigan said on Friday that the Brazilian government fears the Pix system may be linked to criminal factions classified as terrorists by the United States and face American sanctions.

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Brazil's central bank has banned electronic foreign exchange providers from using stablecoins and cryptocurrencies like Bitcoin for settling overseas remittances. The new rule, BCB Resolution No. 561, takes effect on October 1. Individual investors can still buy, hold, and trade crypto through authorized providers.

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