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Amendments via Pix: Free Transfers Discontinued

Supreme Court Justice Barroso Ends Free Transfer of Pix Amendments


Postada em 30/09/2024 às 08:57
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The Supreme Court has ruled that the free transfer of amendments via Pix has been discontinued. This decision was made by Justice Edson Fachin, who determined that the practice was not in line with the principles of the Brazilian Constitution. The ruling affects all transfers made after the date of the decision.

The free transfer of amendments via Pix had been a common practice among Brazilian citizens. However, the Supreme Court ruled that this practice violated the principle of equality before the law, as it allowed certain individuals to benefit from a financial advantage that was not available to others.

The ruling is expected to have a significant impact on the way that amendments are transferred in Brazil. It is likely that banks and other financial institutions will now charge a fee for the transfer of amendments via Pix. This could make it more difficult for individuals to access their funds and could lead to a decrease in the use of Pix for this purpose.