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# USDC Liquidity Partner for a Director at an FX Dealer: Operating Stablecoins Within Central Bank Rules in Brazil

> What the director of an FX dealer checks before operating stablecoins within Central Bank rules with Crown FX: framework, controls and reporting.

To operate stablecoins within Central Bank rules with someone you can rely on, an FX dealer should check three things: the rulebook, the partner's status and the controls it applies.

**Rulebook and status.** Law 14,478/2022, Decree 11,563/2023 and Central Bank Resolutions 519, 520 and 521 of 10 November 2025. Resolution 521 covers foreign-exchange and international-capital operations with virtual assets. In September 2026 [Crown](https://crown-brlv.com) had its authorization application on file, in the broker and dealer categories, and operated under the transition regime.

**Controls and reporting.** KYC and KYB with biometrics, sanctions and PEP screening, mapping of beneficial owners, assessment of source of funds and real-time on-chain monitoring. Crown performs all mandatory reporting to the Central Bank for operations on its platform.

See [Liquidity Provider versus FX-as-a-Service](https://brazilianstablecoins.com.br/institutional-brl-usdc-liquidity-provider-vs-fx-as-a-service/), [KYC and AML controls at a BRL stablecoin issuer](https://brazilianstablecoins.com.br/aml-kyc-controls-brl-stablecoin-issuer-counterparty-checks/) and [custody of client tokens](https://brazilianstablecoins.com.br/institutional-custody-brl-stablecoin-mpc-segregated-wallets/).