GRI

Central Bank Improves Pix Safety

News Consumer protection Law & Policy Updates
Date: 7th Mar, 2025 Source: Federal Revenue Service (Receita Federal) Country: Brazil Original Source

Brief

On March 6, 2025, the Central Bank (BC) updated the Pix regulation to ensure that institutions and payment participants verify names linked to Pix keys against Cadastro de Pessoa Física (CPF) and Cadastro Nacional de Pessoa Jurídica (CNPJ) records. This change restricts usage of Pix with non-conforming CPFs and CNPJs, unrelated to tax payments, aiming to prevent identity theft in transactions.

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Federal Revenue Service (Receita Federal)

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