PANews reported on September 24th that according to Cryptonews, Brazil's central bank has proposed new regulations for the foreign exchange (forex) industry, potentially further restricting cryptocurrency exchanges. The proposal, released for public consultation, solicits feedback. While the proposal does not directly address cryptocurrency trading and exchanges, as currently formulated, the rules would affect trading platforms that allow customers to transfer money internationally or sell cryptocurrencies for currencies other than the Brazilian real. The new regulations would bring the largely unregulated forex industry under regulatory oversight, forcing providers to apply for licenses, submit customer transaction data, use designated entry/exit points for deposits and withdrawals, and cap single transactions at $10,000. The central bank aims to increase transparency among forex platforms, and local media warn that cryptocurrency exchanges involved in money transfers could be affected, and exchanges operating overseas could also be subject to restrictions. The consultation period runs until November 2nd.PANews reported on September 24th that according to Cryptonews, Brazil's central bank has proposed new regulations for the foreign exchange (forex) industry, potentially further restricting cryptocurrency exchanges. The proposal, released for public consultation, solicits feedback. While the proposal does not directly address cryptocurrency trading and exchanges, as currently formulated, the rules would affect trading platforms that allow customers to transfer money internationally or sell cryptocurrencies for currencies other than the Brazilian real. The new regulations would bring the largely unregulated forex industry under regulatory oversight, forcing providers to apply for licenses, submit customer transaction data, use designated entry/exit points for deposits and withdrawals, and cap single transactions at $10,000. The central bank aims to increase transparency among forex platforms, and local media warn that cryptocurrency exchanges involved in money transfers could be affected, and exchanges operating overseas could also be subject to restrictions. The consultation period runs until November 2nd.